The cost of shipping a 40-foot container from Hong Kong to Los Angeles declined this week, with rates losing all gains brought on by a Sept. 1 general rate increase.
11 Oct 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in November.
09 Oct 2013
The average spot freight rate in the eastbound trans-Pacific trade experienced another $100 per 40-foot-equivalent unit drop this week, the third weekly decrease of the same amount since a $250 jump in the week of Sept. 4, due to a Sept. 1 general rate increase in the lane. The current rate now sits at its lowest level since Mar. 7, 2012.
08 Oct 2013
Auto Warehousing Company’s facility at the Port of Portland’s Terminal 6 has received approval for export shipments to China following inspections by governmental auditors from that country.
08 Oct 2013
Containerized exports from North America to South and Central America experienced a year-over-year jump of 9.4 percent in July 2013, according to data from Container Trades Statistics Ltd. This is the largest increase in this lane since June 2012.
30 Sep 2013
An increase in sailing cancellations is on the horizon as the P3 Network alliance has yet to indicate its intentions in detail...
20 Sep 2013
Spot container rates to the U.S. East and West Coasts measured by the Shanghai Containerized Freight Index fell slightly in the week ending Sept. 20. This marks the second straight week of declines in both lanes.
18 Sep 2013
The average spot freight rate in the eastbound trans-Pacific trade dropped $100 per 40-foot-equivalent unit this week. Just $50 remains of the $250 it gained in the week of Sept 4. An increase of $400 per FEU was originally proposed by the Transpacific Stabilization Agreement for Sept. 1.