These are related to the Freight Rate Decline news, in which you can learn about the latest trends in Freight Rate Decline and related information industry, to help you better understand and expand Freight Rate Decline market.
SCFI rates fell for the 8th week, with U.S. West Coast rates dropping below $2,000/FEU, nearing cost levels. Route cancellations and weak demand pressure rates, but a seasonal recovery is expected in Q2.
SCFI rates fell for the sixth week, with U.S. routes down over 17%. Europe routes face "rate inversion," and March rate hikes show limited impact. Further hikes are expected in April-June, potentially stabilizing rates.
