Freight Market Update: May 9, 2024
A strong May 1 GRI lifts Transpacific spot rates on robust US demand, while a possible Canadian railroad strike from May 22 raises new disruption concerns.
The latest on disruptions, rates, and market shifts
Discover more logistics updates
Freight Market Update: May 2, 2024
Ocean capacity from India to the U.S. East Coast is widely available while U.S. West Coast space tightens after Red Sea disruptions, in the update for May 2, 2024.
Freight Market Update: April 25, 2024
Freight Market Update for April 25, 2024, as congestion builds at Vancouver and Prince Rupert and fog closures tighten transpacific space ahead of a GRI.
Freight Market Update: December 6, 2023
Panama Canal bypass reroutes US export services to Asia, while weak demand and overcapacity push Transatlantic spot rates well below 2019 levels.
Freight Market Update: November 29, 2023
U.S. inland rail ramps face equipment shortages from weak Midwest imports, while extended November ocean rates hold ahead of India's Q1 peak season.
Freight Market Update: November 22, 2023
December Transpacific rates are expected to rise after heavy November blank sailings, while the Far East Westbound market stays flat with slight rate declines.
Freight Market Update: November 15, 2023
Carriers pushed December TPWB rate increases as 2M reshuffled US services and weak Asia-Europe demand led some lines to consider suspending winter loops.
Freight Market Update: November 1, 2023
Carriers call Transatlantic rates unsustainable and brace for more blank sailings as US retailer inventories stay high and Panama Canal levels persist.