Trade
Shipping Rates Start 2025 With a Spike on Tariff, Strike Worries
- Xeneta’s data shows 50% climb for Asia to US West Coast route
- Spot market is a benchmark in setting long-term shipping rates
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Spot container rates for shipping goods to the US from Asia have spiked over the past month as companies look to avoid higher tariffs and pad their inventories ahead of a strike threatening to close ports responsible for roughly half of the nation’s seaborne trade volumes.