Good Times Still Rollin’ for Shipping Lines in Trans-Atlantic Trade

The rise of U.S. East Coast ports has been largely credited to the fall of West Coast ports – to shippers switching routes following the expiration of the West Coast port labour contract in July. But that’s only part of the story.

Double-digit growth in imports from Europe has been another big driver of East Coast strength.

Even after recent declines, Europe-East Coast spot rates remain almost triple pre-pandemic levels and more than triple rates in the Asia-West Coast market.

Read more in an article from FreightWaves.