
Freight Market Update: December 19, 2023
Freight Market Update for December 19, 2023, as Red Sea attacks push ocean carriers to halt Suez Canal transits and reroute around the Cape of Good Hope.

Freight Market Update for December 19, 2023, as Red Sea attacks push ocean carriers to halt Suez Canal transits and reroute around the Cape of Good Hope.

Global air cargo tonnages rebound after Thanksgiving as experts preview Panama Canal, Transpacific, and Middle East trade lane updates, December 13, 2023.
Suez Canal fallout strains the US East Coast and inland points, lifting Asia-Europe rates as transloading becomes essential to avoid mounting USEC challenges.
Carriers monitor the Suez Canal blockage's impact on US East Coast capacity and rates, with slight increases expected on Transpacific and Asia-Europe lanes.