US strike fears produce record difference between eastern and western rates
The difference in spot rates on the east and west coasts of the US is at a record high on Far East-bound traffic at the moment, according to Xeneta. The explanation lies in increased pressure on the Eastern Seaboard due to the risk of strikes in the west.
by JENS THOMSEN
Shippers are so worried that US west-coast ports will be impacted by strikes during the ongoing collective contract negotiations that they are instead using ports on the country’s east coast, which is now suffering severe congestion.
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