Weekly highlights
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.
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More rates from Freightos.com:
| FBX Lane | Global | Asia – US West Coast | Asia – US East Coast | Asia – North Europe | North Europe – US East Coast |
| This Week* | $2,528 | $1,426 | $3,723 | $3,974 | $6,358 |
| Last Week* | -9% | -26% | -19% | -2% | -3% |
| Last Year* | -74% | -90% | -78% | -73% | -12% |
| * Weekly rates, compared to the corresponding week in 2021 | |||||
