News / Transpacific routes hit hardest as container spot rates take another tumble

Container spot rates across the board fell this week, according to today’s reading of the Shanghai Containerized Freight Index (SCFI).

Overall, the index shed 4.8% as all but a few minor routes saw spot rates tumble.

The biggest losses were on the transpacific, where both the two US components of the SCFI lost value.

For the west coast, rates plunged 11.8%, to $1,351 per 40ft, which is 47% below the level of the same week of 2018. However, then, rates were spiked by ...