Costs to ship goods from Asia to the U.S. are turning sharply upward, but American importers appear to be absorbing the higher prices after watching freight rates plummet this year from record highs.
The average spot rate to ship a 40-foot container from China to the U.S. West Coast rose 61% during the six weeks through Aug. 15 to $2,075, according to transportation data and procurement firm Xeneta.
The increase came as big shipping lines raised their listed prices after rates on…read more.
