[270417.EN.BIZ] Mega Alliances Up Rates 10pc While Independents Only Win 1pc Hikes

CARRIERS belonging to major east-west alliances - THE Alliance, the OCEAN Alliance and the 2M - have been far better at winning rate increases than independent shipping lines, according to Freightos International Freight Index.

China-US west coast rates grew 11 per cent, according to the index while eastbound transatlantic prices between the US and Europe jumped 33 per cent from last week.

Non-alliance line rates remained roughly the same, up just one per cent on average compared with the previous week, while alliance member carriers increased rates 10 per cent, Freightos said.

The index uses aggregated and anonymised real-time business data from global carriers, forwarders and shippers on the Freightos AcceleRate freight rate management platform, which the company launched last month.

Source : HKSG.