Shanghai spot box rates to US west coast leap 31% in just one week

Friday’s weekly publishing of spot rates from the Shanghai Shipping Exchange has given a stark picture of the frenzy building on the transpacific. Rates from China to the US west coast leapt 31% week-on-week, while rates to the east coast jumped 22% as shippers rush to make the most of a 90-day mini-reprieve in the …