But no pandemic high: Asia-US container rate at $9,600
Trans-Pacific container rates remain near peak-season highs amid resilient U.S.-bound demand and congestion in Asia. The post But no pandemic high: Asia-US container rate at $9,600 appeared first on FreightWaves.
Trans-Pacific Shipping & Rate Analysis
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Spot Rate Metrics: Asia-West Coast spot rates hit $8,100 per FEU; East Coast rates hold at $9,600 per FEU.
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Demand Drivers: Resilient U.S.-bound demand is supported by shipments ahead of Chinaโs Golden Week holiday.
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Supply Management: Carrier capacity is currently managed through blanked sailings and responding to Far East port congestion.
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Historical Context: Current rates remain significantly below 2021 pandemic peaks which exceeded $20,000 per FEU.
Market & Logistics Impact
Facing sustained high trans-Pacific shipping costs due to strong demand and port congestion.
Reducing capacity via blanked sailings to maintain elevated spot rates ahead of seasonal volume cooling.
Market Radar: Upcoming Periods
- China Golden Week holiday shipping volume trends
- Market demand cooling expected throughout October
Shipping Market Q&A
Why are current trans-Pacific spot rates not hitting pandemic-era highs? โพ
Current demand and congestion levels do not match the unprecedented constraints of 2021 when rates exceeded $20,000 per FEU.
What is the impact of China's Golden Week on current import activity? โพ
Shippers are sustaining demand to move goods ahead of the holiday period, preventing an earlier pullback in imports.
This dispatch has been curated by Press Glob under international press wire fair-use reporting standards. Access the original reporting directly below.
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Krishi Jagran
Krishi Jagran
FreightWaves