Ocean freight Peak Season
- Asia-US West Coast prices $5,970/FEU remain extremely high; this rate is still 114% higher than the same time last year.
- Asia-US East Coast prices are stable at $10,319/FEU and are 198% higher than rates for this week last year.
The peak season for container shipping is typically the August-October window before the year-end holidays. Ocean capacity in extreme demand and retail inventories falling quickly, a new shipment strategy could help. Smaller- to medium-sized shippers are mitigating their cost risk by increasing their contract volumes this year with non-vessel-owning common carriers rather than directly with shipping lines.