Transpacific freight rates are eroding rapidly, with carriers slashing rates on
both the West Coast and East Coast by as much as $500 below the current SCFI
assessments.
There is little hope of a rate rebound over the October holidays in China
despite the increase in the number of blank sailings that will mostly hit Asia
last port departures on week 41, with up to 40% of the weekly capacity removed.
The lack of permanent capacity cuts will continue to put pressure on
transpacific rates.
Rates