Transport Topics

Ocean freight rates on goods shipped to both U.S. coasts from Asia fell to the lowest levels since July, reflecting an easing of supply strains. The spot rate for a 40-foot container from Shanghai to Los Angeles sank 3.8% over the past week to $9,698, according to the Drewry World Container Index. From Shanghai to New York, the price dropped 4.9% to $12,582. Both are still around five times higher than they were before the pandemic in January 2020. Learn more about your ad choices. Visit podcastchoices.com/adchoices