SHIFEX, a container spot freight rate index, shows that freight rates for 40’ containers moving from China to the port of Los Angeles fell to US$1,825 in October, which was equivalent to the peak season rates pre-pandemic.
Even as vessels continue to queue outside East Coast ports, freight rates between China-US East Coast are declining, with freight rates for 40’ containers on the China-New York trade corridor dropping to a rate of US$5,550, which is still higher than the peak season rate...
https://container-news.com/decline-in-spot-freight-rates-accelerates-reports-shifl/