Transpacific container rates rise as US retailers restock, with spot rates increasing significantly ahead of the Lunar New Year, reports American Shipper.
Container rates on the eastbound transpacific have strengthened as US retailers show signs of restocking, reports American Shipper.
Spot Asia-US West Coast rates rose five percent to US$2,757 per FEU, while Asia-US East Coast prices increased seven percent to $4,033, according to Freightos.
Analyst Judah Levine noted that the rate increases occurred earlier than usual for the pre-Lunar New Year period but aligned with National Retail Federation projections. The NRF forecasted January volumes to be six percent higher than December, marking the first monthly rise since July.
Despite this, volumes remain five percent below last January, with deficits expected to persist through April amid ongoing economic uncertainty. However, the NRF's latest report projects stronger volumes for 2026 than previously forecasted.
In contrast, Asia-Northern Europe rates fell one percent to $2,978 per FEU, while Asia-Mediterranean prices held steady at $4,851.
Rates have reached levels last seen during the 2025 peak season, supported by early seasonal demand and increased carrier capacity. Some carriers announced mid-month General Rate Increases (GRIs) targeting $4,000 per FEU for Europe and more than $5,500 for Mediterranean routes.
Additionally, harsh weather in Europe has disrupted services at key ports, which analysts suggest could push rates higher.
