
Freight Market Update: November 15, 2022
Transpacific demand and rates keep falling toward pre-pandemic levels in November as port and rail congestion lingers at Houston and Los Angeles gateways.

Transpacific demand and rates keep falling toward pre-pandemic levels in November as port and rail congestion lingers at Houston and Los Angeles gateways.

Flexport offers new customers $300 off a first air shipment as the update covers ocean and North America freight market trends for November 2022.

Week of November 1, 2022: transpacific eastbound ocean rates near their floor on new PSS and GRI moves while US port and rail congestion lingers.

Transpacific eastbound rates keep falling amid low demand as carrier focus pivots from the US West Coast to the East and Gulf coasts, with rail dwell persisting.

Transpacific eastbound demand stays flat after Golden Week as carriers blank sailings to remove capacity and US port congestion lingers in October 2022.

Golden Week blank sailings mirror falling Transpacific demand as U.S. port conditions stabilize and Vancouver delays persist, per the October 4, 2022 update.

Soft pre-Golden Week demand signals a missing peak season as Transpacific rates trend down despite blanked capacity, while port conditions stay stable.

Transpacific rates keep falling into Golden Week on weak demand as a U.S. railroad strike is averted and port congestion stays under control, for September 20, 2022.