
Freight Market Update: December 13, 2022
Carriers plan routine blank sailings into Q1 2023 to curb excess capacity as Transpacific rates to the U.S. East and Gulf Coasts continue to soften.

Carriers plan routine blank sailings into Q1 2023 to curb excess capacity as Transpacific rates to the U.S. East and Gulf Coasts continue to soften.

Carriers plan routine blank sailings to manage excess capacity as Transpacific rates to the US East and Gulf Coasts continue to soften heading into Q1.
Transpacific eastbound demand dropped well below pre-pandemic levels across nearly all US gateways as carrier reliability improved but vessel counts stayed volatile.

Transpacific Eastbound demand keeps declining with rates nearing pre-pandemic levels, though port and rail congestion lingers at Houston and Los Angeles gateways.
Transpacific demand and rates keep falling toward pre-pandemic levels in November as port and rail congestion lingers at Houston and Los Angeles gateways.
Flexport offers new customers $300 off a first air shipment as the update covers ocean and North America freight market trends for November 2022.
Week of November 1, 2022: transpacific eastbound ocean rates near their floor on new PSS and GRI moves while US port and rail congestion lingers.
Transpacific eastbound rates keep falling amid low demand as carrier focus pivots from the US West Coast to the East and Gulf coasts, with rail dwell persisting.