WebFeb 9, 2024 · As this becomes better spot rates will start dropping, but even in a “free fall” scenario a reversal to more normal levels will likely take more than a year. And, what is the post-pandemic normality for rates? ... It is not difficult to start a profitable service in a market where freight rates are in the $10-20,000 USD/FFE range. But when ...
Truckload rates ‘tumbling’ in Q2, report says - FreightWaves
WebOct 17, 2024 · The latest Drewry composite World Container Index — a key benchmark for container prices — is $3,689 per 40-foot container. That’s 64% lower than the same time last September after falling ... WebMay 5, 2024 · The good news is the composite index is dropping – falling week-on-week since mid-Q1. The current price is still 56% higher than one year ago, but it’s a positive step towards more reasonable rates. This drop in spot prices brings rates down to the lowest point since mid-2024 – although still far above the post-Covid rates we’d like to see. schedule 80 tta in itr 2
The drop in rates in the container shipping industry - Globalia …
Web10 rows · Apr 10, 2024 · Reefer freight rates are averaging $2.54 per mile, an $.08 decrease from the February average. ... WebNov 11, 2024 · LA-Shanghai freight rates drop. The container shipping rates have considerably dropped on the Shanghai-LA trade route. The price for a 40-foot container has dropped by 8.2%. Moreover, a report from Freightos suggests that the rates inclusive of surcharges and premiums have dropped by 11%. The temporary drop in the sea freight … WebApr 4, 2024 · Falling freight rates are a sign of overcapacity in the sector, just as a host of new vessels ordered during boom times are about to be delivered. Since early March, two of China’s largest container truck yards near the major port city of Ningbo in Zhejiang province have been filled with nearly 3,000 idle vehicles with no cargo to haul. russia least it providers year