News / Calm before the storm: box rates set for new surge as carriers prepare new GRIs

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Container freight rates on the main east-west trades continued at elevated levels this week, although some routes began to see pricing tail off.

Today’s reading of the Freightos Baltic Index shows the spot rate between Asia and the US east coast slip to $7,358 per 40ft, down from $7,477 per 40ft last week.

And transatlantic shippers saw spot rates on the North Europe-US east coast trade, which had doubled since beginning of April, decline to $4,076 per 40ft, from $4,274 last week.

Meanwhile, ...