Trans-Pacific rates inch up, but post-Chinese New Year rate slump looms

Spot freight rates on the Asia-U.S. trades held their ground this week, actually rising slightly and ensuring most of the sharp gains made in the Jan. 1 rate increase were retained for the rest of the month. The Shanghai-U.S. East Coast spot rate rose 2 percent to $2,466 per 40-foot container, while on the trans-Pacific the rate was up by 1 percent to $1,388 per FEU, according to the latest reading of the Shanghai Containerized Freight Index.

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