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Asia-US container rates soar past $11,000, near pandemic records

Asia-to-U.S. container spot rates have surged more than 320% since the February Strait of Hormuz crisis, with East Coast pricing hitting $11,259 per FEU — within 11.2% of the January 2022 pandemic-era record — while West Coast rates reached $7,960; carriers are adding 6-7% more East Coast capacity in September and analysts expect another spike in early October as shippers rush exports ahead of China’s Golden Week shutdown.

Asia-US container rates soar past $11,000, near pandemic records – FreightWaves

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