Freight Market Update: April 26, 2023
Excess vessel capacity is keeping pressure on ocean rates in the TAWB and LATAM trades through Q2. Air freight capacity out of Asia looks slightly positive in Q2 before tightening in Q3.
The latest on disruptions, rates, and market shifts
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Freight Market Update: April 19, 2023
IMO 2023 compliance is cutting effective ocean capacity, while Shanghai Pudong runway work squeezes air freight to the US and EU through June. Flexport's expert voice covers how sustainable marine biofuels can cut shipping emissions by over 80%.
Freight Market Update: April 12, 2023
Blank sailings on Asia-North America lanes hit 64% in Q1, pushing effective ocean deployment to its lowest since before the pandemic. Plus: air capacity tightens out of Shanghai, FEWB rates hold firm, and a breakdown of working capital financing options for importers.
Freight Market Update: April 4, 2023
Transpacific capacity stayed oversupplied as carriers added blank sailings, Transatlantic rates fell on weak demand, and imports shifted to the US East Coast.
Freight Market Update: March 28, 2023
Far East Westbound demand drops on inflation and inventory overages while Asia-Europe and Asia-North America air routes see soft demand and falling rates.
Freight Market Update: March 21, 2023
Easing port congestion drives declining Transatlantic and LATAM rates as Asia air capacity returns to pre-COVID levels and US rail ramps move smoothly.
Freight Market Update: March 14, 2023
Week of March 14, 2023: carriers try to recover transpacific eastbound rates amid low volumes, with April GRIs in play across a soft market.
Freight Market Update: March 7, 2023
Transpacific eastbound ocean rates soften amid low demand and easing congestion, as Flexport shares TPM 2023 insights and previews the 2023 ocean RFP season.