# [Freightos Weekly Update] Drought-driven canal surcharges likely to push East Coast rates | Air Freight News

> 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.

- Date: 2023-05-25 · published 2023-05-25T12:00:00.000Z
- Category: logistics · region Asia-US · magnitude low
- Page: https://feedsoft.ai/events/35834-freightos-weekly-update-drought-driven-canal-surcharges-likely-to-push-east
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- airfreight.news: https://airfreight.news/articles/full/freightos-weekly-update-drought-driven-canal-surcharges-likely-to-push-east-coast-rates

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.