Freight Market Update: May 24, 2022
Transpacific space opens as demand softens amid Shanghai COVID impacts, while ILWU and PMA West Coast port labor negotiations continue under close watch.
Transpacific space opens as demand softens amid Shanghai COVID impacts, while ILWU and PMA West Coast port labor negotiations continue under close watch.
Shanghai reopening uncertainty and looming ILWU labor negotiations cloud the Transpacific Eastbound market outlook amid COVID restrictions, May 17, 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.
Shanghai's lockdown disrupts suppliers and shippers as carriers weigh blank sailings amid severe congestion and equipment imbalances in early April 2022.
Global sanctions over Ukraine reshaped trade flows while COVID lockdowns in Shenzhen and Shanghai disrupted production and Transpacific bookings.
A Shanghai COVID surge disrupts suppliers and shippers on Transpacific lanes amid congestion, equipment imbalances, and uncertain demand softening.
Transpacific eastbound ocean rates remain strong with tight space expected to persist, while Flexport spotlights the European and growing LATAM freight markets.