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Freight costs on the most important ocean trade routes are sinking in the course of what is ordinarily the industry’s peak period just after cargo homeowners delivered getaway items early and inflation dented consumer demand from customers.
The charge to ship a 40-foot container from China to the U.S. West Coastline now stands all around $5,400 a box, down 60% from January, in accordance to the Freightos Baltic Index. A container transported from Asia to Europe charges $9,000, 42% fewer than at the get started of the 12 months. The price for both of those routes, although nevertheless earlier mentioned prepandemic degrees, peaked at far more than $20,000 final September.
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