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Reasons for the recent price increase on US-Canada routes

Aug 22, 2023

The Panama Canal has encountered the lowest water level in decades, and the number of ships waiting to pass outside the canal has reached 192. Due to the low water level, the number of ships passing through has changed from 19 per day to 14 per day . The capacity is insufficient and the transit time is limited. According to industry insiders, the freight rate of the US-Canada route is very likely to rise in the near future.