The Freightos Global Average Containerised Freight Assessment stood at $1,406 per feu on April 14, just 13% of its peak value of USD 11,109 in September 2021. $1,400 is a psychological level, being the approximate five-year pre-covid average, reports Splash Extra.
Switch cargo from West to East
US importers are switching more cargo from the west to the east coast, with analytics firm FourKites reporting that only 36% of imported goods arriving via west coast ports in April, the lowest since mid-2021 and down from 42% inH2 2022.
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Source: Splash247 Extra
