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.
The latest on disruptions, rates, and market shifts
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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.
Freight Market Update: April 4, 2023
Transpacific capacity stayed oversupplied as carriers added blank sailings, Transatlantic rates fell on weak demand, and imports shifted to the US East Coast.
Freight Market Update: March 21, 2023
Easing port congestion drives declining Transatlantic and LATAM rates as Asia air capacity returns to pre-COVID levels and US rail ramps move smoothly.
Freight Market Update: August 31, 2021
Week of August 31, 2021: transpacific congestion worsens on weather, pre-holiday demand, and COVID-19 disruptions, with reduced capacity and blank sailings.
Freight Market Update: August 17, 2021
Carriers restrict TPEB bookings on IPI corridors as a COVID outbreak shuts a Ningbo terminal, underscoring fragile transpacific capacity in August 2021.
Freight Market Update: December 29, 2020
Carriers signal a substantial transpacific rate increase as equipment shortages and congestion at Asian ports push out planned vessel departures.
Freight Market Update: November 7, 2018
Transatlantic westbound capacity tightens as UK port congestion cuts productivity, while LA-Long Beach launches a flat-fee PierPass 2.0 program November 19.