Freight Market Update: October 26, 2021
Transpacific demand stays strong past 2021 peak as roughly 80 ships dwell at LA/Long Beach and carriers extend elevated rates into November.
Transpacific demand stays strong past 2021 peak as roughly 80 ships dwell at LA/Long Beach and carriers extend elevated rates into November.
Transpacific premium and extra loader markets soften on dipping demand as Flexport surveys exporters on China electricity rationing, for October 19, 2021.
Transpacific rate uncertainty grows as Golden Week and China power restrictions cut demand, while port congestion pushes carriers to smaller U.S. ports.
Transpacific congestion worsens with roughly 70 vessels waiting at LA/Long Beach and 150 at Shanghai and Ningbo as peak season demand persists.
Transpacific congestion returns to peak severity with 70-plus ships anchored at LA/Long Beach, pushing premium rates to all-time highs amid Brexit trucking woes.
Carriers implement peak season and congestion surcharges on Transpacific Eastbound as high demand and tight capacity keep moving freight rates at premium levels.
Transpacific capacity stays constrained as peak season arrives, new carriers come online, and rail disruptions persist, in the update for August 3, 2021.
Transpacific market strength continues into summer as port and rail yard congestion persists, with experts breaking down chassis capacity and equipment challenges.