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%.
The latest on disruptions, rates, and market shifts
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Freight Market Update: June 14, 2023
Ocean rates keep falling as demand stays low and capacity stays open across major trade lanes. Air and trucking markets are similarly soft, with U.S. carrier reject rates near record lows.
Freight Market Update: June 7, 2023
Ocean rates have dropped to pre-pandemic levels as carriers blank more sailings. Air markets are stabilizing after a demand recovery, while U.S. trucking stays fluid despite new gate fees in Vancouver and rail delays from Alberta wildfires.
Freight Market Update: May 31, 2023
Strikes at Le Havre and Fos-sur-Mer have eased, Italy sees stable ocean rates, and Mainland China's post-pandemic reopening continues. Air lead times in LATAM range from 2–10 days depending on country, and U.S.-Mexico cross-border shippers should book 5–7 days ahead.
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 10, 2023
Ocean and air freight markets are softening, with low rates and open capacity on transpacific and Far East westbound lanes. SMBs can use this window to cut costs, diversify partners, and build supply chain resilience ahead of an expected Q3 rebound.
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.