More pressure on transpacific rates as carriers bet on a China-US trade deal
Mainline operators are pushing for higher transpacific rates in May, betting on a trade deal ...
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By Mike Wackett
Container spot rates on the transpacific suffered again this week: Asia to the US east coast slumping by $250 per 40ft.
Following an 11% fall last week in spot rates to US west coast ports, this suggests the demand spike brought about by US importers looking to beat the 25% tariffs on Chinese goods in January has abated on the trade.
At its peak it saw volume growth of around 13%, year on year.
“Peak season this year is as much about getting ...
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