Dive Brief:
Transpacific ocean rates cooled slightly last week despite rates at peak levels since July, according to Freightos’ weekly update from Sept. 8.
When compared week over week, Asia to U.S. West Coast spot rates fell 1% at $7,569 per forty-foot equivalent unit, according to the Freightos Baltic Index. Asia to U.S. East Coast spot rates are at $9,505 per FEU, down 3% week over week.
Rates for the Transpacific trade lane are roughly in line with levels seen during the 2024 peak season. At the time, Red Sea disruptions to capacity were taking place along with frontloading due to the East Coast labor strike, which pushed up rates sharply, per Freightos.
By the numbers
