Container freight rates in the eastbound transatlantic trade jumped 33 percent from last week, while China-U.S. West Coast prices grew 11 percent, according to the latest data from the Freightos International Freight Index.
Ocean carriers belonging to one of the three major east-west vessel sharing alliances – THE Alliance, the OCEAN Alliance and the 2M – have been more successful in pushing through rate increases in the early part of April than their independent counterparts, according to the latest data from the Freightos International Freight Index.
Overall, container freight rates in the eastbound transatlantic trade between the United States and Europe jumped 33 percent from last week, while China-U.S. West Coast prices grew 11 percent, according to the index.
Non-alliance line rates remained roughly the same, up just 1 percent on average compared with the previous week, while alliance member carriers hiked rates by a “surprising” 10 percent, Freightos said.
The logistics technology provider noted, however, that prices for independent lines are still higher on average than those of their allied competitors.
The Freightos International Freight Index uses aggregated and anonymized real-time business data from global carriers, forwarders and shippers on the Freightos AcceleRate freight rate management platform, which the company officially launched last month.
Alliance carriers raise rates while independent lines stand pat
