
Global Logistics Update: October 31, 2024
Transpacific volumes recover after the Golden Week lull as anticipated tariff increases push China shipments and East Coast capacity tightens in late October.

Transpacific volumes recover after the Golden Week lull as anticipated tariff increases push China shipments and East Coast capacity tightens in late October.

Canada's CARM customs platform goes live while strong post-Golden Week demand prompts carriers to announce a November 1 Transpacific GRI.

Week of October 17, 2024: transpacific ocean demand stays flat after Golden Week as the withdrawn GRI and resolved ILA strike ease rates and space.

Asia departures stay strong on extra-loader capacity, but softening demand, Cape of Good Hope blank sailings, and port congestion cloud the Transpacific outlook.

Transpacific volumes stay strong as Cape of Good Hope routings and Asia and North America port congestion drive blank sailings and softening rates.

Transpacific volumes stay strong as Cape of Good Hope routings and Asia and North America port congestion drive structural blank sailings and rate cuts.

Transpacific volumes stay strong as Cape of Good Hope reroutings and Asian and North American port congestion drive structural blank sailings and July GRIs.

Vessels resumed Cape of Good Hope transits after extreme weather while strong Transpacific volumes met structural blank sailings and Asia-US port congestion.