Freight Market Update: February 1, 2022
Transpacific schedule reliability hits historic lows as severe congestion and trucking shortages persist, with shippers still paying premium rates for space.
Transpacific schedule reliability hits historic lows as severe congestion and trucking shortages persist, with shippers still paying premium rates for space.
Port congestion piles up on both U.S. coasts with Charleston spiking as shippers pay premiums for scarce space ahead of CNY, in the update for January 25, 2022.
Demand stays strong on transpacific eastbound with tightening capacity as roughly 15% of December space becomes unavailable due to congestion.
Biden and the EU renew focus on climate and carbon emissions while experts cover the customs broker RFP process, with rate trends for April 6, 2021.
Transpacific rates hold steady amid tight space and equipment, with Southeast Asia and Taiwan remaining the most difficult origins, March 23, 2021.
Transpacific and Asia-Europe ocean rates hold at high but stable levels through February, with carriers urging premium services to secure space and equipment.
Transpacific ocean rates hold steady as shippers rush cargo before Chinese New Year, with strong post-CNY demand expected to continue at pace through March.
Transpacific January GRIs come in soft as premium space stays the best bet for equipment, with Flexport webinars on post-Brexit UK-EU trade and 2021 ocean.