Source: Market average rates for 40‘ containers according to www.xeneta.com
Trade Analysis: Transpacific
Situation
The situation on the Transpacific trade lane is improving, but we are still seeing some congestion, especially on the inland ramps such as Chicago, Kansas City, El Paso, and Memphis. Some minor delays are expected in the West Coast ports. The rate situation remains quite stable for now, although some inland ramp locations have seen small rate increases in response to increased volumes for those locations.
Obstacles
Schedule reliability remains a problem. Some carriers are trying to offer services via Mexico to reach the US, but the situation in Mexican ports is even worse.
Outlook/Solutions
Volumes for pre-Chinese New Year orders are expected to gradually pick up, putting further pressure on rates and space.
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