SHIFEX, the spot container rate index by the digital freight forwarding platform Shifl, has positive news for US consumers as it shows a continued decline in spot rates that is set to marginally shift power away from carriers.
More specifically, according to Shifl’s data, the shipping price for an FEU from China to the US West Coast is set to drop below US$5,000 for the first time since the spike caused by the Covid-19 pandemic.
Shipping a 40′ foot container from China to Los Angeles and Long...