Threat of Port Strikes Raises Trans-Pacific Container Rates

Reported 1 day ago

A surge in freight demand towards the end of the year has caused an increase in trans-Pacific container rates to the U.S., with prices from Asia to the West Coast up 4% and to the East Coast up 2% compared to early December. This rise is attributed to shippers anticipating tariff hikes by President-elect Trump and additional demand before the Lunar New Year. Concerns over a potential strike at U.S. East Coast ports may further elevate rates, as some carriers prepare for possible disruptions.

Source: YAHOO

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