Container rates edged downward but overall were stable this week, showing that gains earlier in the month based on scheduled rate increases are holding, but tenuously.
Trans-Pacific spot rates ticked upward late this week in advance of a planned $600 per 40-foot container rate increase to West Coast ports (and $800 to other destinations) set to take effect on Jan. 15.
Spot U.S. intermodal rates showed broad weakness this week especially in East-West lanes. An index of heavily trafficked domestic intermodal lanes dropped from $2,324 for a '53 foot all-inclusive door-to-door move to $2,085. An index of West-to-East rates fell from $2,872 to $2,518, according to spot rate data provided by IDS.
Domestic intermodal rates continued to soften last week as the quarter winds to a close, according to the 3PL IDS. At the same time East-West rates are diverging, with West-to-East rates softening as East-to-West rates rise.
Spot container rates from Shanghai to ports in North Europe, the Mediterranean, the U.S. West Coast and the U.S. East Coast all lost ground this week, although at a slower rate than in recent weeks, according to the weekly Friday release of the Shanghai Container Freight Index.