When the US lowered baseline tariffs on Chinese exports from 145% to 30% in May for a period of ninety days, transpacific ocean freight demand surged and container rates soared to more than US$6,000/FEU to the West Coast as shippers rushed to move goods that would make it to the US before the August expiration […] The post Freightos: Transpac container rates fall to pre-Red Sea levels appeared first on Container News .