
Freight Market Update: January 31, 2023
Transpacific capacity rises post-Lunar New Year as rates stay flat and blank sailings increase, while Vancouver sees stable vessel dwell and rail delays.

Transpacific capacity rises post-Lunar New Year as rates stay flat and blank sailings increase, while Vancouver sees stable vessel dwell and rail delays.

Transpacific demand sees minor rate easing around Lunar New Year as LNY hikes are avoided and Vancouver dwell times stay stable, in the update for January 24, 2023.

Ocean and air freight rates with customs news for January 17, 2023, as transpacific rates level off and Lunar New Year blank sailings approach.

Transpacific rates begin to level as Lunar New Year nears, with the bulk of holiday blank sailings expected in weeks four and five, January 10, 2023.

Carriers plan routine blank sailings into Q1 2023 to curb excess capacity as Transpacific rates to the U.S. East and Gulf Coasts continue to soften.

Carriers plan routine blank sailings to manage excess capacity as Transpacific rates to the US East and Gulf Coasts continue to soften heading into Q1.

Transpacific eastbound demand dropped well below pre-pandemic levels across nearly all US gateways as carrier reliability improved but vessel counts stayed volatile.

Transpacific Eastbound demand keeps declining with rates nearing pre-pandemic levels, though port and rail congestion lingers at Houston and Los Angeles gateways.