News / Transpacific spot rates ease ahead of China's Golden Week

Photo 162365403 © Vitalii Masliukov | Dreamstime.com

There were signs of a silver lining finally beginning to appear for beleaguered US shippers this week, after the spot container freight rates to both the west and east coast showed a second week of declines on the Freightos Baltic Index (FBX).

Today’s FBX covering the China-US west coast route stood at $19,173 per 40ft, down from the $20,143 last week and the record high of $20,586 per 40ft on 10 September.

It was a similar picture on the China-US east coast ...