Peak Season Demand Drives High Ocean-Freight Rates, East Coast Port And Canadian Rail Strikes Loom

If you haven’t noticed, shipping-cost increases have become a factor in the world of global commerce again this year. Houthi attacks on commercial ships in the Red Sea—linked to the ongoing Hamas-Israeli War—have disrupted the system of ocean freight which we already know from the pandemic is very fragile and inelastic. Most of the giant…