The ongoing supply and demand imbalance is driving down container prices on U.S. trade routes, as ocean carriers deploy more ships in a soft market. Spot rates as of Dec. 11 from Asia to the U.S. West Coast fell 2%, or $33 per forty foot equivalent unit (FEU) in the latest week, to$1,861 per FEU, analyst Xeneta said in an update. Short-term pricing looks softer after a previous rebound. Rates are down month-on-month by approximately 22%, or $511 per FEU, from Nov. 11, “underlining how much pricing powe ...