China-US freight rates plunge, but China manufacturing woes create new headaches for shippers

News - Shipping and Freight Resource

Shippers might finally be catching a break, as China-US spot freight rates plunge in the first week of October.

With Chinese manufacturers throttling production due to the power crisis and the off-season coming into view, competition for freight capacity in terms of containers and vessel space has fallen off, moving prices down by up to 51.4% on some routes.

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Shifl and Terminal49 partner to give shippers unprecedented visibility into container movement

Press Release on Shipping and Freight Resource

With more inventory delayed than ever before, shippers are scrambling to find solutions. A significant collaboration between Shifl, a digital freight forwarder, and Terminal49, a container and shipment tracking platform enhances data accessibility, providing the same level of visibility to all shippers, whether they ship 5 or 20,000 TEUs a year.

Shippers are struggling to navigate capacity shortages, port congestion, and reliability issues—all of which have become defining features of the current supply chain environment. This new collaboration brings shippers improved data accuracy and end-to-end visibility while keeping them in the loop at all times.

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