News / US warehouse market stays tight, and pricey, as it bucks rate decline trend

© Lukasz Bartczak |

To the relief of beneficial cargo owners (BCOs), supply chain costs have been in retreat.

According to Freightos, container rates from Asia to the US west coast have dropped to a level last seen in October 2018, while transpacific air cargo pricing has declined 32% since August, and is about now half the rates seen a year earlier.

In the trucking market, spot rates have come down more than 20%.

However, the US warehousing sector seems to be immune to the slowdown in ...