Freight Market Update: February 8, 2022
Carriers brace for strong post-Lunar New Year Transpacific demand as low inventories, severe congestion, and trucking shortages persist into 2022.
Carriers brace for strong post-Lunar New Year Transpacific demand as low inventories, severe congestion, and trucking shortages persist into 2022.
Pre-Chinese New Year cargo rush pushes premium Transpacific rates even higher, as experts preview the key trade and economic indicators to watch in 2022.
Strong import volumes are forecast for early 2022 as limited capacity and pre-Chinese New Year demand drive expected January rate increases on Transpacific.
Transpacific capacity stays constrained with rate increases looming as pre-Chinese New Year demand and fresh Covid cases in Zhejiang threaten urgent cargo.
A post-Golden Week lull leads into a pre-Chinese New Year rush as Transpacific demand ramps, keeping ocean rates elevated amid reduced capacity and congestion.
Transpacific premium and extra loader markets soften on dipping demand as Flexport surveys exporters on China electricity rationing, for October 19, 2021.
Transpacific rate uncertainty grows as Golden Week and China power restrictions cut demand, while port congestion pushes carriers to smaller U.S. ports.
Ocean and air freight rates with customs and COVID-19 news for October 5, 2021, as transpacific rates soften on Golden Week and China power constraints.