The dual threats of tariff hikes and port strikes continue to buttress ocean freight rates through what is historically a post-peak trough.
Asia to U.S. West Coast rates fell 4% to $4,905 per forty-foot equivalent unit while Asia-U.S. East Coast prices climbed 13% to $6,095 per FEU for the week that ended on Friday, according to the Freightos Baltic Dry Index.
Some frontloading ahead of a possible strike by the International Longshoremen’s Association after an extension of the coastwise master...
https://www.freightwaves.com/news/container-rates-buoyed-by-tariff-strike-threats