
Freight Market Update: May 3, 2022
Congestion eases at U.S. destination ports while Shanghai's COVID-19 lockdown grips manufacturing, plus duty drawback tips, in the update for May 3, 2022.

Congestion eases at U.S. destination ports while Shanghai's COVID-19 lockdown grips manufacturing, plus duty drawback tips, in the update for May 3, 2022.
Shanghai's lockdown disrupts suppliers and shippers as carriers weigh blank sailings amid severe congestion and equipment imbalances in early April 2022.
Global sanctions over Ukraine reshaped trade flows while COVID lockdowns in Shenzhen and Shanghai disrupted production and Transpacific bookings.
A Shanghai COVID surge disrupts suppliers and shippers on Transpacific lanes amid congestion, equipment imbalances, and uncertain demand softening.
Transpacific eastbound ocean rates remain strong with tight space expected to persist, while Flexport spotlights the European and growing LATAM freight markets.
Carriers brace for strong post-Lunar New Year Transpacific demand as low inventories, severe congestion, and trucking shortages persist into 2022.
Pre-Chinese New Year cargo rush pushes premium Transpacific rates even higher, as experts preview the key trade and economic indicators to watch in 2022.
Strong import volumes are forecast for early 2022 as limited capacity and pre-Chinese New Year demand drive expected January rate increases on Transpacific.