Container spot rates from Asia to the US west coast spiked this week, ahead of the Chinese New Year holiday on 1 February.
Drewry’s WCI US west coast component put on 5%, to $11,197 per 40ft, while the Freightos Baltic Index (FBX), which includes an element of premium fees, gained 3.5%, to $15,139.
For the US east coast, there were mixed messages from the spot indices, with the WCI up 2% on the …

The post Asia-USWC spot rates spike as Chinese New Year holiday looms appeared first on The Loadstar.

Source: The Loadstar