
Market Update: March 7, 2018
Ocean rates fall this week as the March 1 GRI is canceled, while ONE prepares its April 1 launch integrating three major Japanese carriers.

Ocean rates fall this week as the March 1 GRI is canceled, while ONE prepares its April 1 launch integrating three major Japanese carriers.

Air rates stabilize out of Asia as the holiday push winds down, while record-high rates persist out of Europe amid supply-demand imbalance and winter weather.

Peak season brought volatile, rising ocean rates and very tight Asia-US space, with advance booking urged ahead of China's October Golden Week closures.