US Container Rates Are Falling. The East Coast Broke First.
Transpacific container rates fell again in the first week of November 2026, and the East Coast is now falling faster than the West Coast. Shanghai–Los Angeles sits at $7,539 per 40ft on the Drewry WCI, unchanged week over week. Shanghai–New York dropped 3% to $9,303. On the Shanghai Shipping Exchange index, the East Coast fell below $10,000 for the first time in 11 weeks. NRF expects November US import volume to land at 2.05 million TEU, down about 9% from October. For an importer, that sounds like good news. It is not the whole story. On the same lane, in the same week, 40HQ quotes from our own booking desk ranged from $5,670 to $11,330. The index is an average. Nothing on the market is priced at the average. The Numbers: Two Indexes, One Direction Two benchmarks matter for China–US ocean freight. They sample different carriers, different booking windows and different rate types, so they rarely agree. This week they agreed on direction. Benchmark Lane Rate (per 40ft) We...