Freight Market Update: September 9, 2020
Severe equipment shortages keep Transpacific capacity critical as shippers rush cargo out of Asia ahead of Golden Week, with mid-month GRIs likely on key lanes.
Severe equipment shortages keep Transpacific capacity critical as shippers rush cargo out of Asia ahead of Golden Week, with mid-month GRIs likely on key lanes.

US factory activity hits its highest level since 2018 as China, South Korea, and other Asian economies reopen and rebuild output amid COVID-19.

A glut of idle oil tankers causes severe congestion off northern Chinese ports, while a synced platoon of self-driving trucks makes its debut commercial delivery.

Severe flooding overwhelms key Yangtze River ports as China hits its top flood alert, while tight air capacity returns amid the COVID-19 recovery in July 2020.

Blank sailings drift into peak season as COVID-19 keeps ocean demand low, prompting carriers to manage capacity and hold up rates, June 10, 2020.
As China restarts production, COVID-19 worker quarantines, container shortages, and terminal closures threaten cargo pile-ups at Western ports in March 2020.
As the WHO declares COVID-19 a pandemic, supply chains deepen their strain and a container shortage in China disrupts US agricultural exports.
Tanker rates skyrocket as Russia and Saudi Arabia boost oil output amid COVID-19, with ocean, air, and trucking news for the week of March 11, 2020.