This item is retained in the archive. Its relevance today is not confirmed: check the original source before using past queues or restrictions for planning.
Strong US import demand will support transpacific rates till new year
Transpacific container freight rates are likely to remain higher than on Asia–Europe routes, as stronger US economic conditions support import demand while weaker European growth weighs on cargo volumes and freight rates.
Transpacific container freight rates are likely to remain higher than on Asia–Europe routes for some time. Stronger economic conditions in the US support import demand, while weaker European growth weighs on cargo volumes and freight rates.
Evergreen general manager Wu Kuang Hui said the rate divergence has become increasingly pronounced: “strong on US routes, weak on Europe routes.” On Friday he said he expected the stronger US market to continue providing support.
This LogisticsSOS summary was prepared with AI assistance. The original source is linked above; information may require further verification.