Carriers hike transpacific rates to ride trade détente shipping surge
- Carriers are hiking transpacific rates amid a perceived volume surge during the 90-day US-China tariff truce
- Maersk says it’s helping clients to ‘make the best use’ of the 90-day window
- Some carriers have raised freight rates from China to the US west coast to $3,000 per feu starting May 15, up from the current level of below $2,500
- For June departures on this trade lane, some spot rate offers have already exceeded $6,000 per feu
Container lines are sharply increasing transpacific freight rates — some exceeding $6,000 per feu for June departures — as shippers rush to move cargo during a 90-day US-China tariff truce, fuelling a short-term rate surge driven by pent-up demand
