News / Transpacific rates shoot up as carriers prop up GRIs with more blanks

CMA CGM BENJAMIN FRANKLIN - Copyright Port of LA 2

Port of Los Angeles

21/04/2023

Container spot rates from Asia to the US west coast shot up this week, as carriers succeeded in implementing a good percentage of their mid-month GRIs.

Xeneta’s XSI Asia-US west coast component jumped 39%, to $1,604 per 40ft, while the Freightos Baltic Index (FBX) reading soared ...

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