Shipping rates hit zero as trade sinks

Jan 15, 2009 23:32

Shipping rates hit zero as trade sinks

Freight rates for containers shipped from Asia to Europe have fallen to zero for the first time since records began, underscoring the dramatic collapse in trade since the world economy buckled in October.

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And I'm quitting before I get caught up in any more atrocious news. I knew last year it was gonna be bad, I don't need to keep whipping a dead horse. So on with something more pleasant, yeah?



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