Ocean spot rates from Asia to North America have mainly cooled from a sharp uptick to start June due to low demand for U.S.-bound cargo, according to Drewry’s World Container Index.
During the week of June 25, rates per forty-foot equivalent unit from Asia to the U.S. West Coast fell 7% to $5,593 while rates to the East Coast remain high at $7,183, increasing 1% week over week, per Freightos data.
Slowing demand and increasing capacity are causing a downturn in spot rates, especially to the West Coast, where carriers added the most capacity in response to higher U.S. tariffs, Freightos said in its weekly freight update.
Read more in an article from Supply Chain Dive.
