Trans-Pacific westbound rates shot up this week; backhaul Europe-Asia rates also climbed but by a lesser amount, according to the Thursday release of the weekly World Container Index.
Trans-Pacific westbound rates were up 9.4 percent this week to $921 per 40-foot container and are up 5.4 percent since the beginning of the year. The uptick is the highest weekly gain for the WCI Los Angeles-to-Shanghai index in several months but will need subsequent weeks of data to confirm a definite upward trend in the rates.
Europe-to-Asia rates, meanwhile, rose 6.5 percent to $1,051 per 40-foot container, also the highest single week increase in several months, based on the WCI Rotterdam-to-Shanghai index. That rate has risen on four of the first six weeks of the year and is up 6.5 percent since the new year.