This week, congress voted to block a major rail strike, and ocean rates continued to drop.
- Asia – US West Coast rates fell by more than 25% last week, hitting a level 5% lower than in 2019
- Asia – US East Coast rates fell 19%, but are still 32% higher than three years ago
- Transatlantic prices dipped slightly last week and have decreased by nearly 25% since August, likely a result of carriers shifting capacity to it from other routes, since demand has remained stable and rates remain high at more than $6,000/FEU.
Air cargo peak season has now officially failed to materialize. Freightos Air Index rates from China to N. America and Europe are down more than 40% compared to the end of November a year ago.
Asia-US rates for this week:
- Asia-US West Coast prices (FBX01 Weekly) fell 26% to $1,426/FEU. This rate is 90% lower than the same time last year
- Asia-US East Coast prices (FBX03 Weekly) decreased 19% to $3,723/FEU, and are 78% lower than rates for this week last year
- Asia-N. Europe prices (FBX11 Weekly) fell 2% to $3,974/FEU, and are 73% lower than rates for this week last year
Check in next week for more real-time freight market updates to help you ship smoother.
More rates from Freightos.com:
|FBX Lane||Global||Asia – US West Coast||Asia – US East Coast||Asia – North Europe||North Europe – US East Coast|
|* Weekly rates, compared to the corresponding week in 2021|