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Freightos reports Asia-US and Asia-Europe container rates jumped 15% to 25% in the week, with Asia-US West Coast at $2,966 per FEU. Carriers are adding vessels to handle longer Red Sea diversions, and empty container shortages are emerging in some Asian export hubs ahead of Lunar New Year.
Rising container and ocean freight rates raise the delivered cost of feed ingredients and exports moving through Asian ports, though analysts suggest freight increases may be near a peak.
freightos.comJudah LevineJan 24, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
