
Freight Market Update: August 1, 2018
Peak season arrives early as US import volumes climb, while the White House weighs raising tariffs on $200 billion of Chinese goods to 25%.

Peak season arrives early as US import volumes climb, while the White House weighs raising tariffs on $200 billion of Chinese goods to 25%.

Transpacific services run three weeks out as blank sailings tighten capacity, and Cosco's US operations are hit by a cyberattack this week.

Transpacific carriers add emergency bunker surcharges as rising oil prices and Iran sanctions bite, while Typhoon Maria hits Taiwan and China.

Shippers push back on new bunker surcharges from MSC, Maersk, and CMA CGM as Trans-Pacific spot rates post their first year-over-year gain of 2018.

Transpacific spot rates post their first year-over-year gain of 2018 as rising bunker fuel costs push carriers to raise Asia-Europe rates, May 23, 2018.

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.

General Rate Increases hit Transpacific and Far East Westbound lanes for May as a new direct India-to-US West Coast ocean service launches in June.