Upstart carriers exit transpacific trade as weak rates take toll
China United Lines and Pasha Group are latest newcomer carriers to quit China-US trade
Subdued rates can no longer sustain the operations of small carriers on the trade. And the e-commerce express services, which were a popular tool used by them during the pandemic-led congestion period, said to have become a financial liability as the premiums charged have become far less than the extra costs incurred