The Shanghai-Los Angeles lane is currently trending up significantly in our database (+10.3% this month). Here is the outlook of Captain Upply.
Explanations that we can provide point to the full vessel environment, a pre-Chinese New Year rush, and the potential U.S. Customs tax increase due March 2nd.
Another interesting point to note in this corridor, relates to the high level of volume sent in recent months. This has created tremendous congestion in the Port of Los Angeles while warehouses are full. We can expect an increase in demurrage and detentions charges for consignees!
To discover the latest trends on freight rates, go to upply.com!
See you next week,
Captain Upply