Container spot rates on the transatlantic shot up this week and, ahead of Chinese New Year tomorrow, transpacific rates carried on climbing, while Asia-Europe rates lost more ground.
Xeneta’s XSI North Europe to US east coast average spot rate leapt by 44%, to $2,078 per 40ft, after carriers took advantage of the Red Sea crisis to take out capacity and launch huge GRIs (general rate increases).
“If the flood of capacity on …
The post Rates rollercoaster: transatlantic soars, while Asia-Europe loses more ground appeared first on The Loadstar.
