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XSI for U.S. exports hits an all-time high in February, zooming 16.5% to 179 points

"With little sign of change ahead, this will be a challenging year for the carriers."

Largest month-on-month decline recorded since the launch of XSI in 2019

Halcyon days of ever-increasing rates for carriers may be drawing to a close: Xeneta

Carriers remain on course for another bumper year of profits despite uneven demand and supply chain issues.

July's increases slowest since January with upward pressure on long-term deals easing as spot rates decline.

Year-on-year, the benchmark has appreciated 170 percent and is up 71 percent since the end of 2021.

Rates are now up 150% year-on-year. Costs have increased 55% in 2022.