IDAHO WHEAT COMMISSION

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Ocean Freight Rates Revert to Pandemic Lows

As the COVID-19 pandemic fades into a not-so-distant memory, one can remember a time when “Supply Chain Disruptions” made every headline and container backlog in the Port of Long Beach required direct intervention from the U.S. government. Since the highs hit in the fall of 2021 freight prices have dropped to lows not seen since June 2020.