Freight Market Update: July 27, 2021
Ocean and air freight rates with customs and COVID-19 news for July 27, 2021, as peak season opens in a constrained market with heavy port congestion.
Ocean and air freight rates with customs and COVID-19 news for July 27, 2021, as peak season opens in a constrained market with heavy port congestion.
Pandemic dislocations push companies to explore Southeast Asia sourcing as ocean upheaval reshapes air freight strategies, July 20, 2021.
Peak season demand strains Transpacific capacity as Flexport experts tackle the chassis crunch and a SKU-splitting strategy to keep cargo moving.
Transpacific market strength continues into summer as port and rail yard congestion persists, with experts breaking down chassis capacity and equipment challenges.
Transpacific markets climbed into peak season with port congestion, blank sailings, and rate hikes, as Convoy extended Flexport's full truckload network.
Transpacific rates keep climbing as demand far outstrips capacity, while severe port and intermodal congestion slows transit and limits carrier routings.
Ocean carriers post record earnings on record-high Transpacific rates that keep climbing, leaving shippers paying premiums amid tight supply relative to demand.
Schedule reliability collapses as COVID outbreaks disrupt Yantian and labor, while congested ports like Oakland and tight space choke the ocean market.