Freight Market Update: August 2, 2023
A third ILWU Canada tentative agreement is up for vote, Panama Canal capacity drops to ~32 vessels/day, LA ports close August 3, and Typhoon Khanun threatens East Asia port operations.
The latest on disruptions, rates, and market shifts
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Freight Market Update: July 19, 2023
Vancouver and Prince Rupert port strikes have resumed after ILWU-BCMEA talks collapsed again. Carriers are also adding Panama Canal surcharges, IMO 2023 is trimming ocean capacity, and LATAM rates are softening amid excess supply.
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: June 21, 2023
Ocean rates on transpacific and LATAM lanes keep sliding as soft demand outpaces supply, while India floating rates have stabilized ahead of July GRIs. U.S. trucking stays loose, with tender rejections below 3%.
Freight Market Update: May 24, 2023
Soft TPEB demand keeps carriers cutting rates, while Shanghai runway work trims air capacity on China-US and China-EU lanes. Taiwan's US export volumes are rising as manufacturing shifts away from China.
Freight Market Update: May 17, 2023
Ocean capacity exceeds demand on most trade lanes, while air freighter capacity on the Transpacific is shrinking as carriers cut losses. A regional breakdown covers TAWB, LATAM, FEWB, Asia air, and South Asia conditions.
Freight Market Update: May 3, 2023
Ocean rates have fallen to pre-pandemic levels on transpacific and transatlantic lanes as blank sailings mount and demand stays soft. Meanwhile, container volumes through Laredo, Texas hit a record high in March, offering early evidence of near-shoring in U.S. trade flows.
Freight Market Update: April 12, 2023
Blank sailings on Asia-North America lanes hit 64% in Q1, pushing effective ocean deployment to its lowest since before the pandemic. Plus: air capacity tightens out of Shanghai, FEWB rates hold firm, and a breakdown of working capital financing options for importers.