Sea Freight Rates from Asia to the US Rise as Companies Look to Regain Profits

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Written By Jennifer Joslyn

🚢 Sea Freight Rates from Asia to the US Rise as Companies Look to Regain Profits.

Shipping companies are increasing their rates to ship containers from Asia to the US as they attempt to offset a fall in rates ahead of the importing season. The average spot-market price for a 40-foot container rose 34% over the past two weeks to $1,659, according to transport data firm, Xeneta. Shipping customers have accepted an average of around $400 of the proposed increases, marking the first hikes from carriers in more than a year and coming ahead of the traditional peak shipping season in the summer.

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Jennifer Joslyn
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