Spot container rates take a dive as eastbound capacity crunch continues

//Spot container rates take a dive as eastbound capacity crunch continues

Spot container rates take a dive as eastbound capacity crunch continues

By | 2017-04-07T16:42:26+00:00 April 7th, 2017|feed news|Comments Off on Spot container rates take a dive as eastbound capacity crunch continues

Spot container freight rates between Asia and Europe and Asia and the US ticked down this week, but long-term contract rates continue to rise.
According to the latest crowdsourced data from market freight rate benchmarking platform Xeneta, the average long-term contract rate between Asia and North Europe is now at around $1,400 per 40ft, compared with just $900 a year ago.
On the transpacific Asia to US west coast trade – where rates …

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