Transatlantic rates still elevated as other lanes level off
Ex-Asia ocean rates were level this week – with transpacific prices well below 2019 levels – as carriers continue to take steps to reduce capacity and potentially put upward pressure on prices.
Meanwhile, on the transatlantic, strong demand has kept ocean volumes and rates elevated. Transatlantic container prices are 19% lower than a year ago but still nearly 4X their level in January 2019. This week CMA CGM even rolled out a Peak Season Surcharge on containers shipped to the US from Europe.
Reports of workers causing small-scale disruptions at West Coast ports are the latest development in labor negotiations that have been stalled for months and continue to push volumes to the East Coast and Gulf.
Asia-US rates for this week:
- Asia-US West Coast prices (FBX01 Weekly) were unchanged at $1,325/FEU. This rate is 91% lower than the same time last year.
- Asia-US East Coast prices (FBX03 Weekly) increased 1% to $2,641/FEU, and are %84 lower than rates for this week last year.
- Asia-N. Europe prices (FBX11 Weekly) were level at $3,420/FEU, and are 77% 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 |
| This Week* | $2,238 | $1,361 | $2,812 | $2,978 | $5,507 |
| Last Week* | 3% | -3% | -2% | 10% | 8% |
| Last Year* | -77% | -91% | -83% | -79% | -19% |
| * Weekly rates, compared to the corresponding week in 2022 | |||||
