Shippers continue to fuel upward movement in trans-Pacific container rates as 2025 approaches, and there are likely more increases on the way.
While frontloading by importers looking to beat tariffs threatened by President-elect Donald Trump on China goods helped U.S. gateways to record volumes in November, prices aren’t expected to decline all that much amid a host of looming factors in the coming weeks.
Rates for containers moving from Asia to U.S. West Coast ports increased 8% to $4,825 per forty-foot equivalent unit, according to analyst Freightos’ Baltic Index for the week ending Dec. 27. Asia-U.S. East Coast prices increased 3% to $6,116 per FEU.
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