Freight Market Update: October 11, 2023
The European Commission will let the Consortia Block Exemption Regulation lapse in 2024, while Port of Montreal longshoremen and employers continue labor talks.
The European Commission will let the Consortia Block Exemption Regulation lapse in 2024, while Port of Montreal longshoremen and employers continue labor talks.
Strikes at Le Havre and Fos-sur-Mer have eased, Italy sees stable ocean rates, and Mainland China's post-pandemic reopening continues. Air lead times in LATAM range from 2–10 days depending on country, and U.S.-Mexico cross-border shippers should book 5–7 days ahead.

Far East Westbound demand drops on inflation and inventory overages while Asia-Europe and Asia-North America air routes see soft demand and falling rates.
Transpacific eastbound ocean rates soften amid low demand and easing congestion, as Flexport shares TPM 2023 insights and previews the 2023 ocean RFP season.

Transpacific demand sees minor rate easing around Lunar New Year as LNY hikes are avoided and Vancouver dwell times stay stable, in the update for January 24, 2023.
Transpacific rates keep falling into Golden Week on weak demand as a U.S. railroad strike is averted and port congestion stays under control, for September 20, 2022.
Ocean and air freight rates with customs and COVID-19 news for May 10, 2022, as Shanghai lockdowns persist and a demand spike is expected once they ease.
Congestion eases at U.S. destination ports while Shanghai's COVID-19 lockdown grips manufacturing, plus duty drawback tips, in the update for May 3, 2022.