Maritime freight inflation begins to fall on key global trade routes

The Red Sea crisis has fuelled a sharp rise in shipping inflation over the past two months, but there are signs that growing pressure on shipping fares on key trade routes could be peaking. Shipping rates on ocean routes from Asia to the US are starting to drop, based on analysis of the latest cargo data from Xeneta, a benchmark platform for air and ocean transport. Tariffs in Europe and the Mediterranean have already started to fall at the end …