31. They wanted to break the high freight rates charged by Jay Gould and William Henry Vanderbilt. 32. That's because parent China Ocean Shipping Co . is oozing red ink as freight rates plunge. 33. Freight rates fell, bankruptcies skyrocketed and wages stagnated.34. The SaaS component, called AcceleRate, provides logistics companies with freight rate management and instant freight quoting. 35. And they're refusing to raise freight rates ." 36. The long-term implication for importers is that freight rates and gasoline surcharges will be going up. 37. Passengers generally preferred the speed and comfort of steamers and also as a consequence, freight rates dropped. 38. "Freight rates will rise, " he said. 39. The competition kept the freight rates low. 40. Steven Brooker, an analyst with Alfred Berg in Copenhagen, says freight rates have risen in recent months.