Freight Market Update: February 2, 2021
Carriers hold off on a February GRI as equipment and space remain the biggest challenges, with COVID outbreaks hitting LA and Long Beach ports.
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Freight Market Update: January 26, 2021
Pre-Lunar New Year space is largely assigned on Transpacific lanes while Asia-Europe rates stay elevated amid extended GRIs for late January 2021.
Freight Market Update: January 12, 2021
Booking demand keeps growing across all services as Transpacific rates hold steady and Asia-Europe rates surge in the freight market update for January 12, 2021.
Freight Market Update: January 5, 2021
Carriers implement strong January GRIs as Transpacific and Far East booking backlogs grow ahead of Chinese New Year, with premium services equally strained.
Freight Market Update: December 8, 2020
Transpacific rates rise on persistent equipment shortages and container imbalances in Asia, with carrier backlogs growing, per the December 8, 2020 update.
Freight Market Update: December 1, 2020
Transpacific rates edge up on equipment imbalances and growing carrier backlogs, with severe container shortages in Asia ahead of Chinese New Year demand.
Freight Market Update: November 24, 2020
Transpacific rates hold steady while equipment shortages hit Ningbo hardest, and Asia-to-Europe rates climb with new GRIs implemented for December.
Freight Market Update: November 10, 2020
Transpacific equipment shortages persist amid strong pre-holiday demand, with GRIs, peak season surcharges, and Felixstowe port congestion fees in effect.