With voyages around southern Africa taking up to 45 days and most carriers continuing to divert away from the Red Sea, the shorter route cuts the transit time of Kawa Shipping’s China-Europe Express to just 26 days.
While a bit softer since the start of the year, rates are not falling at the same pace they were in the second half of 2024 when prices plummeted from almost $11,000 per FEU in early August.
Changes in supply chains, rising manufacturing demand and even the collapse of Yellow have more LTL trucking firms looking for business on the US-Mexico border.