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Articles tagged under: freight rates

Freight Rates Under Pressure

Published December 3, 2024

Increased production has led to an increased need for transportation, which has led to rising costs and lower commodity prices. "We've seen over the last month some meaningful adjustments in transportation costs to move grain and that has helped increase…
Top StoriesLatest NewsMarketsAg BusinessCrops

Unprecedented

Published December 20, 2023

Freight rates are moving higher, increasing the cost of commodities. Tim Marsh, Summit Commodities, describes this as an unprecedented situation. "The Suez Canal in some distress so there are some questions to whether or not we're gonna be able to ship…
Top StoriesLatest NewsMarketsAg Business

Ocean Freight Rates Surge Higher

Published October 14, 2021

In the third quarter, ocean freight rates for bulk commodities, including grain, were at the highest level in 13 years. To ship grain from the Pacific Northwest to Japan, the rate was $44.56 per metric ton. That’s up 16 percent…
Top StoriesLatest NewsMarketsAg Business

Freight Rates Surge Higher

Published July 1, 2021

Ocean freight rates have exploded since the beginning of the year. The rate from the Pacific Northwest to Japan was $43 per metric ton in late June. That’s 76 percent more than at the start of the year and 110…
Top StoriesLatest NewsMarketsAg Business

Freight Rates Decline as Grain Demand Softens

Published May 30, 2021

Basis bids are weakening as demand for grain eases. Based in Harvey, North Dakota, Arthur Companies General Manager Brentt Roberts says freight rates are also showing signs of weakness. "We've seen things backing off and the number of trains running…
Latest NewsMarkets

Trucking Issues Continue in Brazil

Published September 6, 2018

The Brazilian government has raised the minimum truck freight rates by an average of five percent. The government stepped in with a plan to address freight rates to end a trucker strike in late May. Brazilian farm groups are upset,…
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