Freight Market Update: January 17, 2024
The Red Sea situation drives Transatlantic rate increases and pushes carriers including the Ocean Alliance and 2M to cut capacity through blank sailings.
The latest on disruptions, rates, and market shifts
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Freight Market Update: December 6, 2023
Panama Canal bypass reroutes US export services to Asia, while weak demand and overcapacity push Transatlantic spot rates well below 2019 levels.
Freight Market Update: November 1, 2023
Carriers call Transatlantic rates unsustainable and brace for more blank sailings as US retailer inventories stay high and Panama Canal levels persist.
Freight Market Update: July 12, 2023
B.C. dock workers enter a second strike week, while soft TPEB rates offer opportunity and LATAM, FEWB, and transatlantic air markets cool amid inflation, oversupply, and seasonal slowdowns.
Freight Market Update: April 4, 2023
Transpacific capacity stayed oversupplied as carriers added blank sailings, Transatlantic rates fell on weak demand, and imports shifted to the US East Coast.
Freight Market Update: March 21, 2023
Easing port congestion drives declining Transatlantic and LATAM rates as Asia air capacity returns to pre-COVID levels and US rail ramps move smoothly.
Freight Market Update: August 31, 2021
Week of August 31, 2021: transpacific congestion worsens on weather, pre-holiday demand, and COVID-19 disruptions, with reduced capacity and blank sailings.
Freight Market Update: August 17, 2021
Carriers restrict TPEB bookings on IPI corridors as a COVID outbreak shuts a Ningbo terminal, underscoring fragile transpacific capacity in August 2021.