SHIFEX

Decline in spot freight rates accelerates, reports Shifl

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/

New low in US container freight rates set to ease inflation, reports Shifl

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...

https://container-news.com/new-low-in-us-container-freight-rates-set-to-ease-inflation-reports-shifl/