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.
The latest on disruptions, rates, and market shifts
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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: August 31, 2021
Week of August 31, 2021: transpacific congestion worsens on weather, pre-holiday demand, and COVID-19 disruptions, with reduced capacity and blank sailings.
Freight Market Update: April 20, 2021
Suez Canal fallout strains the US East Coast and inland points, lifting Asia-Europe rates as transloading becomes essential to avoid mounting USEC challenges.
Freight Market Update: March 30, 2021
Carriers monitor the Suez Canal blockage's impact on US East Coast capacity and rates, with slight increases expected on Transpacific and Asia-Europe lanes.
Freight Market Update: March 16, 2021
Ocean and air freight rates with customs and COVID-19 news for March 16, 2021, as contract seasons shift and equipment shortages keep U.S. lanes tight.
Freight Market Update: March 2, 2021
Transpacific Eastbound rates ease and space opens at FAK levels from Greater China to the U.S. West Coast, while Far East Westbound GRIs are largely extended.
Freight Market Update: February 16, 2021
Transpacific rates held at first-half February levels with strong demand into spring, persistent equipment shortages, and the need for advance booking.