Shanghai to Los Angeles Container Rates Reach $6,482 Last Week

The spot rate for a 40-foot container from Shanghai to Los Angeles reached $6,482 last week. That figure marks the highest level for the route since 2024 and the tenth consecutive weekly increase. Rates on the route have nearly tripled since the Iran War began in February.

The Port of Los Angeles processed more than 530,500 loaded inbound containers in June, a 13 percent increase from the same month a year earlier and the highest June volume on record. Importers have accelerated shipments ahead of the July 24 expiration of temporary tariffs on imports. The war has also continued to reroute vessels and reduce available capacity on the Pacific route.