Late peak demand sees container spot rates to the US surge

Container spot freight rates on the transpacific and Asia-Europe trades completely diverged this week, with a late peak season demand surge prompting freight prices to both east and west US coasts to spike. This week’s World Container Index (WCI) from Drewry saw its Shanghai-New York leg rise 3% week on week, to end at $9,587 per 40ft, almost triple this time last year’s $3,677. Meanwhile, the Sha Read full article →