US shipping price trend

The global demand for goods has dropped sharply, coupled with the impact of weather, port closures and other factors, the US shipping price has fluctuated. Generally speaking, it is on a downward trend. The following is the recent trend of US shipping. In recent months, US shipping prices have risen again. The freight rate per FEU of the Far East to US West line has risen by US$376 to US$1,668, an increase of 29.1%, which is much better than the increase of 12.54% in the previous week. A new high since mid-November last year: the freight rate per FEU on the Far East to East US line rose by US$418 to US$2,565, the highest since mid-February, and the increase also expanded from 6.8% in the previous week to 19.47%.
At present, due to the epidemic and the sharp drop in global demand for goods, coupled with the impact of weather, port closures and other factors, US shipping prices are showing a fluctuating trend. Generally speaking, the downward trend of stars, the following is the recent trend of US shipping:
1. The price of ocean freight from China to the United States continues to decline. Especially since the second half of 2019, due to the suppression of the trade war and the impact of the new crown epidemic, the number of Chinese exporters has gradually decreased, which has driven down the price of the ocean freight business.
2. At the beginning of 2020, many shipping companies canceled the originally planned flights, and the price of US shipping dropped to a very low price. The FEU price from the Far East to the US West Coast fell below 1,000 US dollars. In the second half of the year, there was a rebound, and there was even a situation where a box was hard to find, and the sea freight has been rising.

3. In 2021, cross-border e-commerce will develop rapidly, and the demand for online shopping in the United States will increase significantly. The surge in cargo volume, terminal congestion, and insufficient shipping space have caused US shipping prices to remain high.

4. In 2022, because the global economy has not yet recovered and the demand is weak, the route instability trend is more obvious at this time. The price of US shipping tends to decline throughout the year, from more than 8,000 US dollars per class in 2021 to more than 1,000 US dollars.
5. In recent months, shipping prices in the United States have risen again. The freight rate per FEU of the Far East to West America line has risen by 376 US dollars to 1668 US dollars, an increase of 29.1%, which is much better than the previous week's increase of 12.54%, and has risen sharply for two consecutive weeks. And hit a new high since mid-November last year; the freight rate per FEU on the Far East to East US line rose by US$418 to US$2,565, the highest since mid-February, and the increase also expanded from 6.8% in the previous week to 19.47%
The above is the trend of shipping prices in the United States. After bottoming out and rebounding slightly at the beginning of 2023, shipping prices are expected to be in a stable stage. The situation of sharp rise and fall may not appear during this period of time, and there will still be small changes before the global emergency recovery. MTO International provides door-to-door double-clearance services for FCL shipping and LCL to US FBA, business, and private addresses. Welcome to consult and quote.