Market Update: January 10, 2018
The January 1 GRI holds on the Asia-US East Coast but erodes to the West Coast, with a $1,000/FEU January 15 GRI looming as Chinese New Year approaches.
The latest on disruptions, rates, and market shifts
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Market Update: January 17, 2018
Asia-US ocean carriers implement a January 15 GRI on the East Coast while West Coast increases are postponed, with space tightening ahead of Chinese New Year.
Market Update: January 24, 2018
The January 21 GRI came in weaker than expected as carriers eye a firmer February 1 increase and tight space heading into Chinese New Year.
Market Update: January 3, 2018
Ocean and air freight market update for January 3, 2018, covering the January 1 GRI holding and rising rates and tight space ahead of Chinese New Year.
Market Update: December 20, 2017
Air freight rates held high with tight capacity as carriers idled freighters for year-end maintenance and Hong Kong added a fuel surcharge increase.
Market Update: December 13, 2017
Air rates stabilize out of Asia as the holiday push winds down, while record-high rates persist out of Europe amid supply-demand imbalance and winter weather.
Market Update: September 28, 2017
Carriers announce blank sailings after China's Golden Week, congestion eases at Prince Rupert, and air rates stay high as capacity tightens.
Market Update: November 22, 2017
E-commerce demand keeps air rates climbing out of Asia as space constraints persist through peak season, with record-high rates continuing out of Europe.