News / Transpacific spot rates hit highest level for 18 months, but US imports are drying up

15/06/2020

In the past month, container spot rates from Asia to the US west coast have rocketed by over $1,000 per 40ft, bucking the fundamentals of mass unemployment and an economic recession now hitting the US economy.

Last week’s Shanghai Containerized Freight Index (SCFI) recorded a second ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.

Current subscriber

New subscriber