CONTAINER PREMIUMS: All-inclusive rates continue decline as demand pulls back

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As demand for cargo into the US remained dampened after the Lunar New Year holiday in China, the lion’s share of spot market activity out of North Asia was heard at Freight All Kinds, or FAK, levels. “Lots of Covid-19 outbreaks in China…short term impacts on factory production,” one US-based freight forwarding source said, noting the lack of strong demand…