News / Asia-USWC spot rates spike as Chinese New Year holiday looms

Container spot rates from Asia to the US west coast spiked this week, ahead of the Chinese New Year holiday on 1 February.

Drewry’s WCI US west coast component put on 5%, to $11,197 per 40ft, while the Freightos Baltic Index (FBX), which includes an element of premium fees, gained 3.5%, to $15,139.

For the US east coast, there were mixed messages from the spot indices, with the WCI up 2% on the week, to $13,987 per 40ft, in contrast to the FBX ...