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New return: Another container line is back in the Red Sea
Shipping & LogisticsIndustry news

New return: Another container line is back in the Red Sea

While unfounded fears of higher tariffs helped drive what amounted to unexpected demand by anxious shippers this summer, other assorted geopolitical intrigue is keeping the container market on edge. Asia-U.S. West Coast prices increased 1% to $6,826 per forty foot equivalent unit (FEU), according to the latest Baltic Index from SONAR data contributor Freightos. Asia-U.S. East Coast prices were 2% higher, at $9,576 per FEU. Events that could pressure container traffic on the trans-Pacific are being closely watched. The United States is trying to tighten economic sanctions on countries doing bus

Editorial Desk

Trans-Pacific shippers ‘leaving money on the table,’ says analyst
Shipping & LogisticsIndustry news

Trans-Pacific shippers ‘leaving money on the table,’ says analyst

Shippers should consider U.S. West Coast import gateways for significant cost savings, even with added inland logistics. “If a shipper has the flexibility of importing goods into U.S. West Coast instead of East Coast, then they must seriously consider it because there is dramatic savings potential, even if it means a heavier reliance on truck and rail to reach the final destination,” said Xeneta Chief Analyst Peter Sand. “This underlines the dynamic approach supply chain professionals must take in managing resilience and freight spend during major market shocks.” While spot rates on the trans-

Editorial Desk