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The transpacific mid-April GRIs imposed by carriers, ahead of the finalization of annual contracts, are beginning to lose steam, as container spot rates from Asia to the U.S. come back under pressure.
Xeneta’s XSI Asia-U.S. west coast component declined 9% this week, to $1,484 per 40ft, while the Freightos Baltic Exchange FBX average spot rate fell 10% to $1,527 per 40ft.
For the Atlantic coast, the FBX reading for Asia to U.S. east and Gulf Coast ports dipped 4%, to $2,407 per 40ft.
Read more in an article from The Loadstar.