---
title: "Freight Market Update: April 26, 2023"
description: "Ocean supply exceeds demand on TAWB and LATAM routes through Q2. Asia air freight capacity dips in Q3; India/Sri Lanka/Bangladesh space is available and reliable."
language: en
canonical: https://www.flex.thisisbrew.com/global-logistics-update/freight-market-update-april-26-2023/
lifecycle: live
---

# Freight Market Update: April 26, 2023

## Trends to Watch

\[Ocean-TAWB\] As more vessels and carriers have entered the market, there is plenty of supply with shipping lines looking for extra cargo to fill the additional capacity. This situation is expected to last beyond Q2 2023.

\[Ocean-LATAM\] Capacity has opened up due to softer demand and ocean carriers deploying new services or adding additional capacity to existing service rotations. This has put pressure on rates as supply exceeds demand—we expect the situation to remain beyond Q2.

\[Air-Asia N. America/EU\] We expect freighter capacity to drop as older aircrafts are retired or scrapped as they cannot make money under current economic conditions. Overall capacity should be slightly net positive in Q2 but will reduce in Q3 with the end of the summer travel period.

\[Air-LATAM\] Brazil: Required lead time is similar month over month—the lead time from requesting the booking to the airline until uplift is 2 to 4 days for Standard service on average, but will vary depending on the airline and route. Shorter lead time available on Express service.

\[Air/Ocean-India\] Space is available and schedules are reliable for both modes out of India/Sri Lanka/Bangladesh. Air cargo space is tight into the U.S. and EU for Pakistan with occasional flight delays. Equipment has good availability.

For more details, please visit Flexport’s Ocean Timeliness and Air

Timeliness indicator pages.

## Expert Voices

Expert Voices will return next week, in the meantime we've gotten some feedback asking about port dwell times, so here's the latest N. America Vessel Dwell Times chart.

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*This is a markdown version of [https://www.flex.thisisbrew.com/global-logistics-update/freight-market-update-april-26-2023/](https://www.flex.thisisbrew.com/global-logistics-update/freight-market-update-april-26-2023/) for AI/LLM consumption.*