US EditionContainer index posts second weekly drop as U.S. demand slows further - Furniture Today
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Container index posts second weekly drop as U.S. demand slows further - Furniture Today
LONDON—Global container shipping rates continued to slide this week, with shipping analytics firm Drewry’s World Container Index dropping 9% to $2,983 per 40-foot container. The decline marks the second consecutive weekly decrease, following last week’s 7% drop, and underscores weakening demand for U.S.-bound cargo. Freight rates from Shanghai to New York fell 13% to $5,703 per container, after a 10% decline the previous week. See also: The fin…
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