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US West Coast route freight rate up to $7,000 for first the time, hitting record high

8 Dec 2021 16:20 reported by Lena Yang

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Due to the increasing epidemic and congestion at major ports around the world, the supply of cargo containers has become even more difficult and the transportation price of cargo containers has soared.

Shanghai Shipping Exchange’s latest weekly Shanghai Containerized Freight Index (SCFI) rose by 2.71% on December 3, hitting a record high.

Almost all major route fares have risen. For the first time, the freight rate of the US West Coast has broken the US$7,000/FEU barrier, and it was the first time that the near-sea shipping line has broken the US$1,200/TEU barrier with a new record.

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