Container freight rates from China to the US have suffered their largest fall in two years as the most profitable peak season in history draws to a close.
But prices could rebound if efforts to ease congestion in US ports fail and demand from Chinese shippers picks up ahead an early Lunar New Year, according to analysts.
Eastbound transpacific freight rates dropped by up to one-quarter in recent days, according to the Freightos Baltic Index.
Container rates from China to the US West Coast fell by 26% — or $4,806 — to $13,924 per 40-ft equivalent unit (feu) over the week to 8 November.
