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Freightos reports Asia-US West Coast rates rose 8% to $1,540/FEU and Asia-US East Coast rates dipped 2% to $2,321/FEU. Carriers are weighing a June general rate increase and Panama Canal surcharges that could push East Coast rates higher.
Rates remain far below year-ago levels.
Canal-driven surcharges and a possible June rate increase point to higher container freight costs, which can raise landed costs for imported feed ingredients and affect US export competitiveness.
airfreight.newsMay 25, 2023Not 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.
