It had to happen eventually: container freight rates have topped out. The Freightos Baltic global container freight index peaked on September 10 at $11,109, fell to a still tasty $9,949 on October 8, recovered to $10,525 on November 5 but then tumbled to $9,202 on November 19, some 17% lower than the September peak.
The decline has been most apparent in the key China / East Asia to the North American west coast. From a September 10 peak of $20,586 the index fell 22% to $16,004 on October 8, ...
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