Drewry: Container rates down
July 14, 2017,
LONDON – The World Container Index for this week from supply chain research and consulting firm Drewry – a composite of container freight spot rates on eight major routes to and from the U.S., Europe and Asia – is down by 2.1%.
The average composite index of the WCI, assessed by Drewry for year-to-date, is $1,551 per 40-foot container, which is $120 lower than the five-year average of $1,671 per 40-foot container. It is also 13% higher than a year ago.
Similarly, overcapacity and a slow start to the peak season dragged down the trans-Pacific eastbound rates. The spot rates from Shanghai to New York lost $20 to reach $2,385 for a 40-foot box, and the rates from Shanghai to Los Angeles dropped by $77 to $1,313.
Drewry expects the deferral of general rate increases on the Transpacific trade to result in further rate decline next week while the Asia-Europe market is expected to remain strong.
Most Viewed Articles
Related Content By Author
E-commerce bedding update
RSA Insights & Intelligence
RSA Insights & Intelligence gives you, the retail sales associates, critical intelligence and insights. We make it easier for you to sell by providing actionable tips and key takeaways you can and should use for every sale. Check out our latest two articles:
* One tip that will get customers to leave reviews
* Why buying online is harder than consumers think
Furniture Factory 4.0
If you missed our recent webcast with Lectra on what the furniture factory of the future will look like, then you can click here to watch the recorded version. Topics include what trends and challenges are affecting furniture factories in the US & Worldwide and how these challenges are changing furniture production.