Tag: RecordLow
Xeneta container rates alert: Amid Record-Low Trans-Atlantic Trade Rates, Shippers Must Seize Opportunities Before Market Rebounds
Spot rates on the Trans-Atlantic fronthaul trade from North Europe to the US East Coast (USEC) are plummeting rapidly. According to Xeneta’s platform data, the monthly average rate for a 40-foot standard container (FEU) has dropped dramatically, falling from USD 5,298 (excluding Terminal Handling Charges) in January to a mere USD 809 in August. This…