SCFI: Shanghai-to-US Spot Rates Dip

Spot container rates to the U.S. East and West Coasts measured by the Shanghai Containerized Freight Index continued to decline in the week ending Oct. 11. The drop precedes an Oct. 15 general rate increase in Asia to U.S. lanes of $400 per 40-foot container, announced by Cosco and CMA CGM. US Lines pushed back its Oct. 15 increase of the same amount to Nov. 15.

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