Freight Market Update: December 6, 2023
Panama Canal bypass reroutes US export services to Asia, while weak demand and overcapacity push Transatlantic spot rates well below 2019 levels.
The latest on disruptions, rates, and market shifts
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Freight Market Update: November 29, 2023
U.S. inland rail ramps face equipment shortages from weak Midwest imports, while extended November ocean rates hold ahead of India's Q1 peak season.
Freight Market Update: November 22, 2023
December Transpacific rates are expected to rise after heavy November blank sailings, while the Far East Westbound market stays flat with slight rate declines.
Freight Market Update: November 15, 2023
Carriers pushed December TPWB rate increases as 2M reshuffled US services and weak Asia-Europe demand led some lines to consider suspending winter loops.
Freight Market Update: November 1, 2023
Carriers call Transatlantic rates unsustainable and brace for more blank sailings as US retailer inventories stay high and Panama Canal levels persist.
Freight Market Update: October 11, 2023
The European Commission will let the Consortia Block Exemption Regulation lapse in 2024, while Port of Montreal longshoremen and employers continue labor talks.
Freight Market Update: September 6, 2023
ONE launches a new LATAM northbound FLX service, carriers blank sail ahead of Golden Week, and Tropical Storm Lee threatens U.S. East Coast shipping. Brazil export volumes are rising, with GRIs in effect across major ocean carriers.
Freight Market Update: August 23, 2023
Hurricane Hilary has shut Union Pacific and BNSF mainlines between Southern California and Texas, with restoration expected by 8/25. Soft U.S. export demand, flat Far East westbound volumes, and a Brazil peak-season GRI round out this week's freight update.