The threat of a longshore strike at East and Gulf Coast ports is gone, and trans-Pacific ocean container rates to the United States have leveled out, for now.
“Frontloading ahead of the possible January strike had helped keep North America container rates elevated into November but were no longer a driver of rates as the strike deadline got closer,” wrote Judah Levine, head of research for analyst Freightos, in a weekly update.
For the week ending Jan. 10, the Freightos Baltic Index found...
https://www.freightwaves.com/news/port-strike-threat-gone-trans-pacific-container-rates-level-out