Transpacific rates continued their decline over the past week, with carriers
forced to undercut rates on both the West Coast and East Coast as capacity
utilization levels are still dropping.
There will be some capacity reductions over the coming weeks, with carriers
expected to obtain a $200-300/feu rate increase in early July but the
sustainability of the rate increase remains in doubt after the failure of the
last 4 transpacific GRI attempts.
Asia-Europe rates continued to slip despite relat