Freight Market Update: October 27, 2020
Sustained strong demand brings a November GRI on Transpacific lanes as worsening Los Angeles port congestion drives chassis shortages and delays in October 2020.
Sustained strong demand brings a November GRI on Transpacific lanes as worsening Los Angeles port congestion drives chassis shortages and delays in October 2020.
Transpacific rates hold steady as carriers waive GRIs and pull 8.4% of capacity in early October's slack season, amid equipment shortages for October 6, 2020.
Ocean and air freight rates with customs and COVID-19 news for September 29, 2020, as transpacific rates ease, October GRIs waive, and capacity returns.
Transpacific rates rise on September GRIs and carriers stop accepting bookings as shippers rush cargo out of China at peak of peak season, September 16, 2020.

US factory activity hits its highest level since 2018 as China, South Korea, and other Asian economies reopen and rebuild output amid COVID-19.

The American Trucking Associations files a Shipping Act suit alleging foreign carriers control pricing, plus new Silk Road routes, in the August 26, 2020 update.

A shift to online holiday shopping drives temporary warehouse demand while migrating COVID-19 spikes continue to squeeze air freight capacity.

Two U.S. representatives introduce a Maritime Transportation System Emergency Relief Act to aid ports during COVID-19, as borders reopen for stranded seafarers.