Trans-Pacific Ocean Freight Rates Hold Steady as Peak Season Approaches

Key Details Trans-Pacific shipping rates have remained relatively flat this week, holding at $2,800 per FEU to the West Coast and $4,300 per FEU to the East Coast, according to Freightos analyst Judah Levine. However, daily spot rates are beginning to climb following mid-month price increases across both lanes. Why It Matters Rates have already jumped approximately $1,000 per FEU since late February due to the Iran conflict and ongoing capacity constraints. Peak season demand, typically starting in July according to the National Retail Federation, could drive prices significantly higher if historical patterns hold. What's Next The Strait of Hormuz closure continues to apply upward pressure on ocean freight costs. Levine notes that prior-year comparisons are unreliable due to tariff-driven frontloading and unpredictable shipping patterns. Carriers will need to maintain current price levels through peak season if demand doesn't materialize immediately, or risk capacity shortages when volumes inevitably spike. Freight professionals should monitor weekly rate movements closely as we approach traditional peak season months.