Freight rates for international shipping routes in the United States have surged

2024-06-14 16:54

The threat of strikes at ports along the East Coast and Gulf Coast of the United States may prompt importers to

 accelerate efforts to protect the shipping supply chain, 

creating a vicious cycle of disruptions in shipping container transportation.

sea freight rate

The International Dockworkers Association (ILA) announced on Monday that it 

has suspended negotiations with the United States Maritime Union (USMX) on new 

labor contracts for port workers on the US East Coast and Gulf Coast. The existing agreement will expire on September 30th.


Peter Sand, Chief Analyst of Xeneta, said, "Due to concerns about the continued impact 

of the Red Sea conflict on the supply chain, we have seen shippers load imported goods 

ahead of the traditional peak season in the third quarter. If there is further significant risk 

of damage to the eastern United States and Gulf Coast later this year, 

they may accelerate this approach now.".


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