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

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

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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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