Freight Market Update: January 18, 2022
Ocean and air freight rates with customs and COVID-19 news for January 18, 2022, as West Coast vessel dwell times stay critical ahead of Chinese New Year.
Ocean and air freight rates with customs and COVID-19 news for January 18, 2022, as West Coast vessel dwell times stay critical ahead of Chinese New Year.
Worsening congestion at LA and Long Beach leaves 120-plus vessels waiting to berth, forcing carriers to limit bookings for local deliveries, January 11, 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.
Demand stays strong on transpacific eastbound with tightening capacity as roughly 15% of December space becomes unavailable due to congestion.
Flexport experts preview the year ahead in supply chains and Canadian trade, sharing scenarios for building resilience against 2022 disruption.
Transpacific demand stays strong through the end of 2021 as shippers rush pre-Chinese New Year cargo, with port congestion the focus of Flexport's live update.
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.
Week of November 2, 2021: record container ship backlogs off LA and Long Beach keep cutting transpacific capacity as ports weigh steep dwell fees.