Freight Rates
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The Strait of Hormuz blockade enters its seventh month, with Middle East oil export freight rates soaring to a record high of over $30 per barrel.
Middle Eastern oil producers are maintaining oil exports through a high-cost ship-to-ship (STS) transfer system, with benchmark freight rates for very large crude carriers (VLCCs) transporting Persian
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Cass: Truckload Linehaul Index Rose 2.3% M/M and 8.6% Y/Y in July, Marking Largest Y/Y Increase in Four Years
According to Cass Information Systems' monthly report, the truckload linehaul index, which tracks rates excluding fuel and accessorial surcharges, saw its 19th consecutive year-over-year increase. Thi
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The Strait of Hormuz blockade enters its seventh month, with Middle East oil export freight rates soaring to a record high of over $30 per barrel.
Middle Eastern oil producers are maintaining oil exports through a high-cost ship-to-ship (STS) transfer system, with benchmark freight rates for very large crude carriers (VLCCs) transporting Persian
-
Cass: Truckload Linehaul Index Rose 2.3% M/M and 8.6% Y/Y in July, Marking Largest Y/Y Increase in Four Years
According to Cass Information Systems' monthly report, the truckload linehaul index, which tracks rates excluding fuel and accessorial surcharges, saw its 19th consecutive year-over-year increase. Thi
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Freight Rates
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