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Average spot freight rates fell to a record low last week—$701 per 40-foot container. According to CNBC, the World Container Index (WCI), which tracks 11 global shipping routes, said that is the lowest reading since the organization started tracking rates five years ago and it has fallen 62 percent since last year.
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Brendan Menapace
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Brendan Menapace is the content director for Promo+Promo Marketing.
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