Friday, December 2, 2022
HomeWorld NewsChina, US shipping rates continue to tumble as inflation cools consumer demand

China, US shipping rates continue to tumble as inflation cools consumer demand

 

The spot rate for sending a 40-foot container from Asia to the West Coast of the United States, that includes the ports of Los Angeles and Long Beach, further dropped by 3 per cent to US$8,934 this week, according to the Freightos Baltic Index. Photo: AP

 

The spot rate for sending a 40-foot container from Asia to the West Coast of the United States, that includes the ports of Los Angeles and Long Beach, further dropped by 3 per cent to US$8,934 this week, according to the Freightos Baltic Index. Photo: AP




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