News / Influx of capacity fails to slow momentum of Asia-Mexico box rate surge

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Box carriers are adding new transpacific services to the west coast of Mexico, but rising capacity on the tradelane has not halted the surge in pricing.

MSC, CMA CGM and Cosco have all introduced more transpacific services, but so far, increasing capacity has failed to make a dent in the upward momentum of Asia to Mexico rates.

According to Eternity Group Mexico’s EAX index, rates for 40ft containers surged 55.5% in May over April, which itself seen a 56.9% increase over March.

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