Freight charges for container shipments are falling dramatically as China's exports slow down. The Shanghai export container settlement freight index for the North America route has dropped nearly 40% from July highs.
Caixin
Freight rates plummet as China's export growth slows
Shanghai container index for North America route down nearly 40% from July highs
Shipping containers lie in piles at a port in China's Jiangsu province on Sept. 10.
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