Freight Market Update: October 18, 2023
Week of October 18, 2023: Far East-Europe ocean rates stay flat as carriers announce a November 1 GRI and add void sailings to prop up pricing.
The latest on disruptions, rates, and market shifts
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Freight Market Update: October 4, 2023
Typhoon Koinu threatens southern Taiwan with air delays and vessel disruptions as it tracks across the Taiwan Strait through early October.
Freight Market Update: September 27, 2023
Golden Week blank sailings reshape Transpacific and Asia-Europe capacity as Panama Canal weight limits hold steady for late September 2023.
Freight Market Update: September 20, 2023
FAK rates are falling ahead of Golden Week as ocean capacity cuts of 20–30% loom, while air freight demand surges out of Asia driven by consumer electronics and ecommerce. U.S. export rates stay low as carriers chase backhaul volume.
Freight Market Update: September 13, 2023
Carriers are pulling capacity on the North Europe–USEC trade as demand lags, while MSC cuts Q4 rates to reclaim share in West Coast South America. Hurricane Lee threatens USEC port delays, and Golden Week closures are set to begin September 25.
Freight Market Update: September 6, 2023
ONE launches a new LATAM northbound FLX service, carriers blank sail ahead of Golden Week, and Tropical Storm Lee threatens U.S. East Coast shipping. Brazil export volumes are rising, with GRIs in effect across major ocean carriers.
Freight Market Update: August 30, 2023
Hurricane Idalia and Typhoon Saola are disrupting ports and flights across the U.S. Southeast and East Asia. A Mexican trucking strike has been paused, while Norfolk Southern investigates a multi-week outage and Indian-to-U.S. East Coast rates rise.
Freight Market Update: August 23, 2023
Hurricane Hilary has shut Union Pacific and BNSF mainlines between Southern California and Texas, with restoration expected by 8/25. Soft U.S. export demand, flat Far East westbound volumes, and a Brazil peak-season GRI round out this week's freight update.