Spot container rates to the U.S. East and West coasts measured by the Shanghai Containerized Freight Index for the week ending Aug. 16 show further erosion of the Aug. 1 ocean carrier general rate increase of $400 per 40-foot container to the U.S West Coast and $600 to the East Coast.
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SCFI: Shanghai-to-US Spot Rates Show Further GRI Erosion
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