'Freefalling' Asia-North Europe rates shed half their value in three weeks
Container spot rates from China to North Europe are in freefall with average rates dipping ...
Two into one - the San Pedro Bay ports of Los Angeles and Long Beach – ID 1455855 © Xavier Marchant | Dreamstime.com
Much has been said about the recent shift in US inbound container flows from Asia, away from their traditional gateway hubs on the US west coast and towards the resurgent* east and Gulf coast hubs, so Premium thought it was time to add our tuppence-worth.
(*Pointless history nerd joke alert – resurgent in the sense that prior to containerisation and the ensuing globalisation, ports such as New York, Savannah, Charleston and New Orleans were the key nodes of US international trade.)
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