Longevity of post-CNY slump catches container trades by surprise
Two months on from Chinese New Year and the traditional post-holiday blip shows no sign ...
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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 had been quoted “just $1”.
The forwarder said: “Carriers are surviving on the still moderate westbound rates, [but eastbound] they have space and simply cannot fill it. Some places are even offering space for ...
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