Shipping rates remain stable on trade routes from Asia to the US.

Average ocean container spot rates from Asia to the U.S. West and East Coasts have remained unchanged since mid-April, at $2,790 and $3,830 per forty-foot equivalent unit, respectively. Year-to-date, rates have dropped 52% for the West Coast and 44% for the East Coast. A significant increase in blank sailings from China, due to heightened tariffs, has contributed to this plateau in rates. Freight demand from China has decreased by 30% to 50%, prompting carriers to cut capacity. Experts suggest that the current stability may be short-lived as downward trends are likely to resume.