Which brings us to this week.
GRIs kicked in. The biggest week-on-week rise was on US-Europe, where a full 33% increase was observed (translating into a $100 increase).
The China – US (West Coast) trade lane came in next at an 11% increase. Facing new competition and already high prices, non-alliance carrier rates remained static with an average increase of 1%.
Their prices still remain higher on average than their allied counterparts, though, even though alliance carriers increased rates on average by a surprising 10%.
Europe-US and China-Europe came in with more modest increases.
Only China – US (East Coast) didn’t climb, with rates falling by 4%.