Asia-West Coast Container Rates Plummet; Demand Seen Waning Through Year-End By Stuart Chirls of FreightWaves Container rates on the eastbound trans-Pacific continued their plunge as ocean lines increase blank sailings amid weak demand that’s expected to persist through the end of this year. The SONAR Inbound Ocean TEUs Volume Index for Oct. 1 was down less than 1% from the previous week, but off 14.58% year-on-year. Demand got a small bump from frontloading ahead of China’s Golden Week holiday, but nothing substantial enough to shore up falling rates. Forecasts cite consumer concerns over rising prices, tariff concerns and trade shifts… — Continue at ZeroHedge News : Read More
