Trends to Watch
[Ocean - TPEB] Carriers continue to price in order to win volumes in a market seeing soft demand and no material peak season. Rate reductions have slowed to the U.S. West Coast (USWC) while further reductions continue to be seen to the U.S. East Coast (USEC).
[Ocean - TAWB] CRD to ETD is improving to 12 days as the on-time performance and vessel delays are improving month on month. Recommendations: book 2 or more weeks prior to CRD to secure space, minimize CRD changes as much as possible, and leverage Premium products to guarantee equipment and loading for your most time sensitive cargo.
[Air - Asia] Runway maintenance at Shanghai continues through early summer, with airport officials estimating the impact being ~10% capacity on CN - US and ~25-30% capacity on CN - EU. There is still enough capacity to move the demand from Shanghai and no backlog as of now but rates from China are going up as a result.
[Regional Update - Europe] Italy: Ocean capacity is available and rates are stable. For air freight, capacity is increasing slightly with the summer season approaching and more flights being scheduled.
[Regional Update - Asia] Taiwan is seeing an increase in US exports YoY as companies shift manufacturing away from China. Capacity on both ocean and air are steady and consistent. More broadly across the region, there is ocean capacity available on most lanes, although APAC to LATAM and EU are tightening up and carriers continue to roll and blank sail to maintain stable pricing.
North America Vessel Dwell times
For more details, please visit Flexport’s Ocean Timeliness and Air Timeliness
indicator pages.
