SCFI: Shanghai-to-US Spot Rates Edge Up

Spot container rates to the U.S. East and West Coasts measured by the Shanghai Containerized Freight Index saw increases, albeit slight, for a second consecutive week in the week ending Sept. 6. Gains during these weeks are a result of rate increases scheduled for Sept.1 by members of the Transpacific Stabilization Agreement for $400 per 40-foot container to the West Coast and $600 to the East Coast.

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