Freight Market Update: June 15, 2021
Ocean carriers post record earnings on record-high Transpacific rates that keep climbing, leaving shippers paying premiums amid tight supply relative to demand.
The latest on disruptions, rates, and market shifts
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Freight Market Update: June 8, 2021
Schedule reliability collapses as COVID outbreaks disrupt Yantian and labor, while congested ports like Oakland and tight space choke the ocean market.
Freight Market Update: May 4, 2021
A capacity crisis overwhelms ocean and ground as record US imports, equipment shortages, and Suez Canal blank sailings push May 2021 rates higher.
Freight Market Update: April 6, 2021
Biden and the EU renew focus on climate and carbon emissions while experts cover the customs broker RFP process, with rate trends for April 6, 2021.
Freight Market Update: March 9, 2021
Transpacific ocean rates ease as space and equipment open up from Greater China, with guidance on navigating RFP season versus the volatile spot market.
Freight Market Update: February 16, 2021
Transpacific rates held at first-half February levels with strong demand into spring, persistent equipment shortages, and the need for advance booking.
Freight Market Update: February 2, 2021
Carriers hold off on a February GRI as equipment and space remain the biggest challenges, with COVID outbreaks hitting LA and Long Beach ports.
Freight Market Update: December 15, 2020
Transpacific eastbound rates rise on persistent equipment imbalances as South China feeder port stoppages halt new bookings into year-end 2020.