Container shipping and air cargo rates/Durable goods orders

Before I get to durable goods orders, I forgot to mention earlier that container shipping rates continue to drop ahead of the holidays and with port workers here back to work. The Shanghai to NY route saw prices fall by $343 w/o/w to $5,266. That's well off its high this summer of $9,612 but still almost double where they started the year at $3,074. Prices fell too with the Shanghai to Rotterdam and Shanghai to LA trips. Air cargo rates on the other hand were up slightly again w/o/w with average spot and contract rates up by 10% y/o/y worldwide with the former higher by 19%. 

In September, non-defense capital goods orders ex aircraft, aka core durable goods, rose .5% m/o/m, above the estimate of up .1% and after a .3% gain in August. The internals though were mixed as while orders rose for metals, both primary and fabricated, they fell for computers/electronics and machinery and saw no change for electrical equipment. After three months of declines, orders for vehicles/parts rose 1.1% m/o/m.