The US spot rate components of the Shanghai Containerized Freight Index (SCFI) tumbled again this week, shedding a massive $235 per 40ft for east coast ports and $95 for the west coast.
The rates fell 4.7% from Asia to the US west coast, to $1,935 per 40ft, and tanked by 7.5% to the US east coast, to drop to $2,901 per 40ft, falling back down to the pre-peak season levels of early August.
The …
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Source: The Loadstar
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