Transpacific spot rates near pre-Red Sea crisis levels despite aggressive capacity cuts
- Transpacific rates lost further ground this week despite continued efforts to curb capacity
- Blanked sailings have nearly doubled since mid-June
- Spot rate declines expected to continue through Q3 and Q4
Transpacific spot rates plunge again. Carriers’ blank sailings to slow the fall, but analysts warn the worst may be yet to come
