Falling Freight Rates, Rising Urgency for Supply Chain Visibility
This peak season is anything but ordinary. Despite robust shipping demand, ocean freight rates on the main East-West trade lanes are plummeting. On the Transpacific, spot rates surged above $6,000/FEU to the U.S. West Coast in June, only to collapse to ~$1,700–2,300/FEU by mid-August. Rates to the East Coast dropped to ~$2,700–3,400/FEU. Similarly, Asia–Europe spot […]
