Freight Market Update: March 23, 2021
Transpacific rates hold steady amid tight space and equipment, with Southeast Asia and Taiwan remaining the most difficult origins, March 23, 2021.
Transpacific rates hold steady amid tight space and equipment, with Southeast Asia and Taiwan remaining the most difficult origins, March 23, 2021.
Ocean and air freight rates with customs and COVID-19 news for March 16, 2021, as contract seasons shift and equipment shortages keep U.S. lanes tight.
Transpacific ocean rates ease as space and equipment open up from Greater China, with guidance on navigating RFP season versus the volatile spot market.
Transpacific Eastbound rates ease and space opens at FAK levels from Greater China to the U.S. West Coast, while Far East Westbound GRIs are largely extended.
Transpacific and Asia-Europe ocean rates hold at high but stable levels through February, with carriers urging premium services to secure space and equipment.
Transpacific ocean rates hold steady as shippers rush cargo before Chinese New Year, with strong post-CNY demand expected to continue at pace through March.
Pre-Lunar New Year space is largely assigned on Transpacific lanes while Asia-Europe rates stay elevated amid extended GRIs for late January 2021.
Carriers signal a substantial transpacific rate increase as equipment shortages and congestion at Asian ports push out planned vessel departures.