Drewry reports spike in eastbound transpacific rates

Thursday, January 17, 2013

Drewry said its Hong Kong-to-Los Angeles container rate benchmark, published in the latest Container Freight Rate Insight report, jumped 14 percent to $2,524 per 40-foot container this week. The London-based firm said the $311 per 40-foot box increase in the benchmark rate shows that members of the Transpacific Stabilization Agreement achieved around 50 percent of their $600 target for a peak season surcharge. “Cargo demand and carrier l...

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