Shipping Container Prices Drop Amid Demand Slowdown
Spot prices for shipping containers fell for the first time in nearly three months, signaling a demand slowdown post-U.S. tariffs on Chinese goods. The Drewry World Container Index dropped 2.2% to $5,806 for a 40-foot unit, ending a 12-week surge. Port congestion eased with shorter waiting times, hinting at balanced supply and demand in the market.