The Surge in Ocean Shipping Rates Is Peaking
Retailers and Manufacturers Should Save on Lower Import Costs this Summer as Rates to the US West Coast Start to Fall
American importers are getting a rare piece of good news amid worries about tariffs and consumer spending as ocean shipping costs start to sink.
The average spot rate to ship a 40-foot container from Asia to the U.S. West Coast slipped at the start of this week to $5,840, down from an average of about $6,000 the prior week, according to online booking platform Freightos...
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