West America Freight Rate Fell Below 7,000 US Dollars
West America's freight rate fell below 7,000 US dollars! It remains to be seen whether road and rail strikes will bring freight rates back up.
The latest Container Freight Index (SCFI) released by Shanghai Shipping Exchange fell slightly by 1.67% to 4074.70 points. The freight rate of the largest shipping volume in the US-Western route fell 3.39% for the week and fell below US$7,000 per 40-foot container. , came to $6,883.
Due to the recent strikes by trailer drivers in the United States and the West, and the railway workers are also planning to strike, it remains to be seen whether the freight rate will recover. This comes despite Biden having ordered the creation of the Presidential Emergency Board (PEB), effective July 18, to help resolve the ongoing dispute between the major freight rail operator and its unions.
Although the sales pressure of terminal commodities in the market is still under great pressure, due to the successive strikes of workers related to the European and American evacuation, the problem in the port has continued to deteriorate. The recent strikes in Hamburg, Bremen, and Wilhelmshaven have made the problem in the port even worse, although the strike has been stopped at present. , but the follow-up development remains to be seen.
Freight forwarding practitioners pointed out that at present, shipping companies offer quotations once every two weeks. Unless there are special factors, the current freight rate will continue until the end of this month. Except for the United States and West, the freight rates of European and American routes are stable.
The freight rate from SCFI Shanghai to Europe was US$5,612/TEU, down US$85 per week, or 1.49%; the Mediterranean line was US$6,268/TEU, down US$87 per week, down 1.37%; the freight rate to West America was US$6,883/FEU, down slightly for the week At $233, down 3.39%; to $9,537/TEU in the US East, down $68 for the week, down 0.71%. The freight rate of the South America route (Santos) per box was US$9,312, a weekly increase of US$358, or 4.00%, the highest increase, and the last price was US$1,428 for three weeks.
