Freight Market Update: December 29, 2020
Carriers signal a substantial transpacific rate increase as equipment shortages and congestion at Asian ports push out planned vessel departures.
Carriers signal a substantial transpacific rate increase as equipment shortages and congestion at Asian ports push out planned vessel departures.

Transatlantic westbound capacity tightens as UK port congestion cuts productivity, while LA-Long Beach launches a flat-fee PierPass 2.0 program November 19.

Congested UK ports and tight North Europe trucking strain transatlantic westbound capacity as new IMO sulfur emission rules loom, October 31, 2018.

UK port congestion and tight North Europe trucking capacity push Transatlantic westbound services full two weeks out as carriers announce blank sailings.

The EU launches retaliatory tariffs on U.S. goods over steel and aluminum duties as Trump threatens European auto tariffs and shipping costs hit record highs.

General Rate Increases hit Transpacific, Transatlantic, and Far East lanes in mid-May, while Boeing ramps 767 production to bet on air freight demand.

Carriers announce May and July GRIs across transpacific, transatlantic, and India lanes, plus a new direct India-to-USWC ocean service in June.

Carriers expected the April 1 GRI to hold as Transatlantic westbound space stayed full and Ocean Network Express launched its combined Japanese fleet.