Freight Market Update: August 2, 2022
Transpacific Eastbound spot rates keep falling as blank sailings rise, schedule reliability stays low, and container dwell and inland inventory reach capacity.
Transpacific Eastbound spot rates keep falling as blank sailings rise, schedule reliability stays low, and container dwell and inland inventory reach capacity.
Spot rates keep falling as blank sailings rise, schedule reliability stays low, and chassis shortages ground-stack containers at Chicago rail in July 2022.
Floating Transpacific eastbound rates stay low versus fixed contracts as vessel capacity opens, while chassis shortages and ILWU-PMA labor talks pose risks.
East coast congestion and intermodal challenges persist as spot rates fall below long-term rates and ILWU-PMA labor talks loom on the West Coast.
Transpacific eastbound rates fall further as space opens and reliability returns, with Shanghai recovering from lockdowns for late June 2022.
Transpacific capacity remains up for grabs as China lockdowns ease and ILWU-PMA labor negotiations continue, with signs pointing to worsening congestion.
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.