Lower Rates and faster shipping?

[Loadtoad]

Interesting article. Will this mean shipping costs from China will decrease? https://donsurber.blogspot.com/2022/10/looks-like-christmas-will-suck.html

 

[nc73]

No it means there isn't much demand as before. Shipping costs could increase though.

 

[Loadtoad]

No it means there isn't much demand as before. Shipping costs could increase though.

It will take time for the cut in capacity to stop the freight rate slide. According to Freightos, Asia-US West Coast prices (FBX01 Daily) fell 8% to $2,978/Forty Equivalent Units (FEU). That rate is 82% lower than the same time last year. Freight prices for the Asia-US East Coast route (FBX03 Daily) decreased 5% to $6,952/FEU, and are 63% lower than the rates for this week last year.

 

[Not Aerosmith]

Good to know. Thanks for sharing.