
Freight Market Update: January 10, 2023
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.

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.

Flexport previews a redesigned Freight Market Updates newsletter, invites reader feedback, and shares its holiday publishing schedule returning January 10.

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.

Transpacific demand and rates keep falling toward pre-pandemic levels in November as port and rail congestion lingers at Houston and Los Angeles gateways.

Flexport offers new customers $300 off a first air shipment as the update covers ocean and North America freight market trends for November 2022.