drewrys-container-forecaster

Container Rates Decline Continues, Drewry

Drewry's World Container Index, or WCI, decreased 4 percent to US$2,250 per 40-foot container the week of Aug. 31. It was the 10th consecutive weekly decline and continued to stabilize after a volatile period. The unpredictability began, Drewry said, after U.S. tariffs were announced in April, which caused rates to surge from May through early June. Subsequently, the market saw a heavy decline until mid-July, after which the downward trend lost ... [+]