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Why Container Rates Remain High
We're past the traditional end of "peak season" for ocean containers. So why do rates remain so high?
The main reason is tariffs, which will increase to 25% for $200 billion worth of goods imported from China beginning on January 1. Many importers front-loaded their imports to stay ahead of the additional duties.
As a result, ocean shippers remain at full capacity, and spot-rates remain near all-time highs.
Analysts expect spot rates to begin falling in December as the front loading winds down. If you have the option of postponing your Pacific-based imports until then, you should be rewarded with lower shipping costs.