Posted on September 9, 2022

Freight rates on the main USA ocean trade routes are falling during what is ususally the industry’s peak season, after cargo owners shipped seasonal goods early and inflation reduced consumer demand.

The cost to ship a 40-foot container from China to the U.S. West Coast is now around $5,400 a box, down 60% from January.

A container shipped from Asia to Europe costs $9,000, a 42% reduction.

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