Freight Market Update: February 22, 2024
Week of February 22, 2024: China's inbound air cargo tonnage drops 15% around Lunar New Year while average global air rates hold steady or rise.
The latest on disruptions, rates, and market shifts
Discover more logistics updates
Freight Market Update: February 14, 2024
Transatlantic westbound rates jump $500/TEU as Red Sea surcharges take hold, with further increases expected in March amid tight equipment across Europe.
Freight Market Update: February 7, 2024
Global air cargo capacity rises 10% over 2019 as Red Sea crisis and Lunar New Year lift transpacific and Asia-Europe air yields into late January.
Freight Market Update: February 1, 2024
Red Sea disruptions push Asia-Europe cargo from sea to air as global air demand jumps and ocean spot rates triple in early February 2024.
Freight Market Update: January 24, 2024
Global air cargo volumes rebound strongly in early 2024, lifted by Asia-Europe demand and Red Sea shipping disruptions, in the January 24, 2024 update.
Freight Market Update: January 17, 2024
The Red Sea situation drives Transatlantic rate increases and pushes carriers including the Ocean Alliance and 2M to cut capacity through blank sailings.
Freight Market Update: January 10, 2024
The first Freight Market Update of 2024 is a special RFP edition with webinars, an RFP Preparation Hub, and resources to plan a successful RFP season.
Freight Market Update: December 19, 2023
Freight Market Update for December 19, 2023, as Red Sea attacks push ocean carriers to halt Suez Canal transits and reroute around the Cape of Good Hope.