News / Europe-E Asia box rates plummeting alongside backhaul demand

The empty container inside warehouse on shipment area.
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Forwarders are being quoted rates as low as $1 on backhaul routes to East Asia, against a 20% decline in volumes.

One forwarder told The Loadstar they had been offered a rate of just $7 for a 40ft hi-cube container, and another ...

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    Container Trade Statistics (CTS) Drewry World Container Index (WCI) Europe-East Asia