The recent surge in container rates is due to ongoing pressure on ocean shipping, intensified by the Red Sea crisis, causing higher volumes and rates due to capacity shortages and port congestion." Kathy Liu, Vice President, Dimerco Express Group says: "With the rate difference between ocean and air freight narrowing, approaching levels similar to those seen in 2021, this trend is expected to drive up both ocean and air freight rates in the coming months. We can anticipate rate increases and potential capacity shortages in Q4."