# Panama spread hits all-time high as shippers flee to east coast - FreightWaves

> Container spot rates from China to the US East Coast jumped 23% in a week to over $9,000 per 40-foot box, the first time above that level. The Panama Spread between East and West Coast rates reached near $3,000, far above its usual level, as freight shifted away from West Coast ports.

- Date: 2021-06-13 · published 2021-06-13T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/46466-panama-spread-hits-all-time-high-as-shippers-flee-to-east-coast-freightwaves
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Congestion and freight shifts at US ports raise logistics costs for imported and exported goods, with limited direct effect on feed commodity prices.

## Sources

- freightwaves.com: https://www.freightwaves.com/news/panama-spread-hits-all-time-high-as-shippers-flea-to-east-coast

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