Freight Market Update: April 11, 2024
The Red Sea crisis keeps Asia-Europe vessels rerouting via the Cape of Good Hope, cutting capacity 10-13% and tightening space as carriers push GRIs.
The latest on disruptions, rates, and market shifts
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Freight Market Update: April 4, 2024
Red Sea diversions via the Cape of Good Hope keep disrupting Asia-Europe schedules as carriers implement GRIs to halt a nine-week rate decline.
Freight Market Update: March 28, 2024
Asia-Europe carriers keep rerouting via the Cape of Good Hope after another Red Sea tanker attack, as Ocean Alliance restructures all Asia-to-North Europe loops.
Freight Market Update: March 21, 2024
Dubai-Europe air cargo tonnage surged 205% year-on-year as Red Sea disruptions pushed Asia-Europe sea-air demand through hubs like Dubai and Bangkok.
Freight Market Update: March 14, 2024
Flexport shares top takeaways from TPM '24 in Long Beach, where Red Sea risks, Panama Canal restrictions, and ILA contract talks fueled supply chain uncertainty.
Freight Market Update: March 7, 2024
Red Sea disruptions drive surging Asia-Europe sea-air demand, more than doubling Dubai-Europe air cargo volumes following the Lunar New Year dip in March 2024.
Freight Market Update: February 29, 2024
Red Sea disruptions surge sea-air volumes through Dubai, Colombo, and Bangkok, lifting air tonnages to Europe by up to 71% in early 2024.
Freight Market Update: February 22, 2024
Week of February 22, 2024: China's inbound air cargo tonnage drops 15% around Lunar New Year while average global air rates hold steady or rise.