Financial Ports

West Coast vs East Coast: Why Shippers Are Overpaying by $3,334 per

CLAVE 1 / 4Trans-Pacific shippers could save $3,334 per FEU by routing cargo through U.S. West Coast ports instead of East Coast gateways.

CLAVE 2 / 4Spot rates to the U.S. East Coast have surged 300% since the Middle East crisis began on February 28.

CLAVE 3 / 4Xeneta’s latest data shows Asia-West Coast rates at $7,193 per FEU, up 2.7% in a week.

CLAVE 4 / 4Asia-East Coast rates hit $10,527 per FEU, a 2.8% weekly increase and 42% higher than pre-crisis levels.

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