Freight Market Update: September 21, 2021
Transpacific congestion returns to peak severity with 70-plus ships anchored at LA/Long Beach, pushing premium rates to all-time highs amid Brexit trucking woes.
Transpacific congestion returns to peak severity with 70-plus ships anchored at LA/Long Beach, pushing premium rates to all-time highs amid Brexit trucking woes.
Carriers implement peak season and congestion surcharges on Transpacific Eastbound as high demand and tight capacity keep moving freight rates at premium levels.
Transpacific capacity stays constrained as peak season arrives, new carriers come online, and rail disruptions persist, in the update for August 3, 2021.
Transpacific market strength continues into summer as port and rail yard congestion persists, with experts breaking down chassis capacity and equipment challenges.
Ocean carriers post record earnings on record-high Transpacific rates that keep climbing, leaving shippers paying premiums amid tight supply relative to demand.
Schedule reliability collapses as COVID outbreaks disrupt Yantian and labor, while congested ports like Oakland and tight space choke the ocean market.
A capacity crisis overwhelms ocean and ground as record US imports, equipment shortages, and Suez Canal blank sailings push May 2021 rates higher.
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.