Freight Market Update: October 13, 2020
Transpacific Eastbound space stays critical with carriers booking above capacity, while Far East Westbound rates rise heading into a slower post-Golden Week period.
Transpacific Eastbound space stays critical with carriers booking above capacity, while Far East Westbound rates rise heading into a slower post-Golden Week period.
Transpacific rates hold steady as carriers waive GRIs and pull 8.4% of capacity in early October's slack season, amid equipment shortages for October 6, 2020.
Ocean and air freight rates with customs and COVID-19 news for September 29, 2020, as transpacific rates ease, October GRIs waive, and capacity returns.
Transpacific rates rise on September GRIs and carriers stop accepting bookings as shippers rush cargo out of China at peak of peak season, September 16, 2020.
Transpacific rates climb on equipment shortages and pre-Golden Week demand as the market stays strong in the freight market update for September 23, 2020.
Severe equipment shortages keep Transpacific capacity critical as shippers rush cargo out of Asia ahead of Golden Week, with mid-month GRIs likely on key lanes.

Ports in Europe and North America faced rising congestion from continued blank sailings, while Transpacific airfreight volumes climbed then dipped.
Shipping lines cancel over 160 sailings on Asia-Europe and Transpacific routes as COVID-19 destabilizes demand and medical suppliers win clearance.