SCFI: Shanghai-to-US Spot Container Rates Slide

Spot container rates to the U.S. East and West coasts measured by the Shanghai Containerized Freight Index saw a second week of declines in the week of July 19, following a July 1 general rate increase. Currently, the West Coast has held on to a 34 percent achievement of the $400 GRI and the East Coast has kept 52 percent of a proposed $600 GRI.

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