Freight Market Update: September 28, 2021
Transpacific congestion worsens with roughly 70 vessels waiting at LA/Long Beach and 150 at Shanghai and Ningbo as peak season demand persists.
Transpacific congestion worsens with roughly 70 vessels waiting at LA/Long Beach and 150 at Shanghai and Ningbo as peak season demand persists.
Transpacific capacity stayed constrained against peak-season demand as shippers paid record premiums amid labor strains, congestion, and COVID disruptions.
Peak season strains Transpacific capacity through Chinese New Year 2022 as delays, congestion, and blank sailings keep space tight and rates high.
Carriers restrict TPEB bookings on IPI corridors as a COVID outbreak shuts a Ningbo terminal, underscoring fragile transpacific capacity in August 2021.
Transpacific markets climbed into peak season with port congestion, blank sailings, and rate hikes, as Convoy extended Flexport's full truckload network.
Schedule reliability collapses as COVID outbreaks disrupt Yantian and labor, while congested ports like Oakland and tight space choke the ocean market.
The Transpacific eastbound ocean market runs red hot as demand intensifies, while Flexport experts cover customs enforcement and the stressed ocean market.
A capacity crisis overwhelms ocean and ground as record US imports, equipment shortages, and Suez Canal blank sailings push May 2021 rates higher.