Demand for PHL goods in December drives freight rate hikes

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The story "Demand for PHL goods in December drives freight rate hikes" was covered 1 days ago by Business Mirror, a news publisher based in Philippines.

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Demand for PHL goods in December drives freight rate hikes - Business Mirror

Quick Summary:

DEMAND for Philippine goods during December is driving freight rate hikes and creating space constraints for long-haul shipments particularly bound to Europe and the United States, according to Dimerco, a global logistics services provider.

This stockpiling will likely drive a significant increase in both air and ocean freight activity as businesses rush to import goods before the new tariffs,” Dimerco noted.

Meanwhile, goods being transported by air to the United States are at a tight capacity which requires “pre-arrangement of space.