The penultimate reading from the Shanghai Containerized Freight Index (SCFI) for 2018 saw continued erosion of spot rates on the transpacific, countered by gains on the Asia-Europe trades.
With US retailers now reported to be overstocked after the advance booking rush to beat the postponed 1 January tariff hike on Chinese imports, demand is proving weaker than the seasonal norm, forcing carriers into heavy discounting.
For the US west coast, spot rates …
The post A festive rate respite, but...
https://theloadstar.co.uk/a-festive-rate-respite-but-carriers-may-be-in-for-a-bumpy-ride-in-2019/