Market Update: February 14, 2018
Ocean rates hold steady with no GRI until March 1, while space stays extremely tight out of China on the eve of the Chinese New Year holiday.
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Market Update: February 7, 2018
Ocean and air freight trends for the week of February 7, 2018, as carriers cancel the February GRI and space tightens ahead of Chinese New Year.
Market Update: January 31, 2018
Carriers heavily mitigated the February 1 GRI ahead of Chinese New Year, with ocean space tightening and blank sailings expected across Asia lanes.
Market Update: January 10, 2018
The January 1 GRI holds on the Asia-US East Coast but erodes to the West Coast, with a $1,000/FEU January 15 GRI looming as Chinese New Year approaches.
Market Update: January 17, 2018
Asia-US ocean carriers implement a January 15 GRI on the East Coast while West Coast increases are postponed, with space tightening ahead of Chinese New Year.
Market Update: January 24, 2018
The January 21 GRI came in weaker than expected as carriers eye a firmer February 1 increase and tight space heading into Chinese New Year.
Market Update: January 3, 2018
Ocean and air freight market update for January 3, 2018, covering the January 1 GRI holding and rising rates and tight space ahead of Chinese New Year.
Market Update: December 20, 2017
Air freight rates held high with tight capacity as carriers idled freighters for year-end maintenance and Hong Kong added a fuel surcharge increase.