Total collapse. Ocean container rates from China to the US West Coast are down 93% from the peak to a new cycle low of $1449. With China lockdowns and slow import demand from US retailers, rates are likely to continue their drop. pic.twitter.com/RgEsUYSg8Y
— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) November 25, 2022