Freight Market Update: October 13, 2020
Transpacific Eastbound space stays critical with carriers booking above capacity, while Far East Westbound rates rise heading into a slower post-Golden Week period.
Transpacific Eastbound space stays critical with carriers booking above capacity, while Far East Westbound rates rise heading into a slower post-Golden Week period.
Transpacific rates hold steady as carriers waive GRIs and pull 8.4% of capacity in early October's slack season, amid equipment shortages for October 6, 2020.
Ocean and air freight rates with customs and COVID-19 news for September 29, 2020, as transpacific rates ease, October GRIs waive, and capacity returns.
Transpacific rates rise on September GRIs and carriers stop accepting bookings as shippers rush cargo out of China at peak of peak season, September 16, 2020.
Transpacific rates climb on equipment shortages and pre-Golden Week demand as the market stays strong in the freight market update for September 23, 2020.
Severe equipment shortages keep Transpacific capacity critical as shippers rush cargo out of Asia ahead of Golden Week, with mid-month GRIs likely on key lanes.

US factory activity hits its highest level since 2018 as China, South Korea, and other Asian economies reopen and rebuild output amid COVID-19.

The American Trucking Associations files a Shipping Act suit alleging foreign carriers control pricing, plus new Silk Road routes, in the August 26, 2020 update.