US Container Shipping rates going down in Q4 of 2022

US Container Shipping rates going down in Q4 of 2022

Recent Import data of Q3 of 2022 shows that the inbound container imports are at lowest level since start of 2021, according to Global Port Tracker report released by National Retail Federation based out of Washington DC, U.S.A.

Exporters in Asia, especially in India will be able to take advantage of lower Container Shipping cost, as most Exporters give rates in CIF basis to companies in U.S.A or Europe.

The drop in Container imports in USA could be result of advance planning by big box retailers before the holiday seasons starts, another reason could be that consumer spending in USA is gone down considerably, as they now choose to spend on services rather than buying finished products which saw a sharp rise during COVID times. 

Travelling as become normal and Restaurants are back in business in full swing thus the consumer splits it spends between Goods and Leisure services.

Many Engineering companies in India who exports Auto Parts, Machinery, Chemicals, Plastic Products, Textiles will be able to give highly competitive prices to Buyers and assured delivery time lines as the projection is that Container shipment rates will become more competitive in 2023 and Delivery orders will be easy.

Thus Manufacturers & Exporters can take advantage of eSupplier Ocean Freight eBidding Platform, that would allow you to negotiate a competitive freight rate from multiple forwarders. Business who uses eSupplier Platform trend to save anywhere from 5% to 20% on FCL and LCL shipments compared to the manual time taking tedious Freight sourcing process which runs over email and phone calls.

Call eSupplier today and get a FREE trial of our Ocean Freight eBidding Platform and get access to around 450+ Freight global Freight forwarders. 

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