Transpacific contract rates rise on Trump’s fickle policies
Shippers exasperated with the constant flip-flops in the Trump administration’s trade policy have agreed to ...
By Mike Wackett
Spot container freight rates between Asia and Europe and Asia and the US ticked down this week, but long-term contract rates continue to rise.
According to the latest crowdsourced data from market freight rate benchmarking platform Xeneta, the average long-term contract rate between Asia and North Europe is now at around $1,400 per 40ft, compared with just $900 a year ago.
On the transpacific Asia to US west coast trade – where rates are generally negotiated to run from 1 May – the ...
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