Transpacific Container Rates Boom with Pre-Lunar New Year Demand
Transpacific container shipping rates saw drastic rate increases this past week as pre-Lunar New Year demand narrowed Asia-US lanes and tightened capacity on key routes. Freightos reported double-digit percentage increases to US West Coast locations while analysts pointed out aggressive blank sailings and frontloading by carriers; retailers still anticipate subdued import volumes despite any seasonal surge.