Post-peak spot rates tumble as ocean carriers eye price increases

China’s Golden Week holiday appears to have marked the end of the protracted transpacific peak season, as container freight spot rates out of Asia to the US declined this week. According to Drewry’s World Container Index (WCI), the spot rate on its Shanghai-Los Angeles route declined 3% week on week, to finish at $7,624 per 40ft, while the Shanghai-New York leg was down 2%, to $10,220 per 40ft. US Read full article →