RW Freight reports that Taiwan’s three largest freight shipping carriers have experienced a surge in revenue during the third quarter of the year.
The growth can be attributed to robust freight rates, which were influenced by several factors. First, shippers moved their cargo earlier than usual in anticipation of the longshore strike that affected the East and Gulf coasts of the United States last week. Additionally, a capacity shortage resulted from vessels being diverted around southern Africa, further contributing to the increased freight rates.