Container Shipping from #Asia to the U.S. Just Got More Expensive
Frontloading by #shippers ahead of Lunar New Year helped boost container rates on trans-Pacific services to the United States as 2025 got underway.
“Transpacific #container rates climbed sharply to start the year on GRIs [general rate increases] supported by pre-Lunar New Year demand,” wrote Judah Levine, head of research, in a weekly update for analyst Freightos.
The Freightos Baltic Index found Asia-U.S. West Coast prices increased 23% to $5,929 per forty-foot equivalent unit for the week ended January 3. Asia-U.S. East Coast rates were up 13% to $6,934 per FEU.
Read more in an article from Freight Waves.