White House moves create yet more stormy water on the transpacific
The 90-day tariff moratorium on US imports, except those from China, have failed to keep ...
© Clare Jackson
By Mike Wackett
The Asia – US spot rate components of the Freightos Baltic Index (FBX) slumped this week by 19% and 7% respectively for container shipments to the US west and east coasts.
According to the FBX reading, US west coast spot rates fell to $12,596 per 40 ft – their lowest level since July last year. For US east coast shipments FBX’s spot rate declined to $15,973 per 40 ft.
“As demand falls and space becomes available, ocean rates continued to fall this ...
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