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Asia-US container rates soar past $11,000, near pandemic records

2026-09-18 ·FreightWaves ·Views 30

Xeneta: Asia-US spot rates are nearing pandemic records after surging more than 320% since late February.

What it means for the market

When ocean rates climb this far, the cost gap against air narrows sharply. Time-sensitive or high-value cargo that stayed on the water purely for price reasons becomes a candidate for Sea & Air or direct air express, which in turn tightens air capacity. Recalculate landed cost per SKU across ocean, Sea & Air and air rather than assuming ocean is cheapest. For peak-season volume, lock in space early and review how much of your flow sits on contract versus spot.

This section is written by AI from the article above and is not the company's official position. Clearance and tax outcomes differ from shipment to shipment - please confirm with your contact before acting on it.

Source · FreightWaves

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