Freight Market Update: March 22, 2022
Week of March 22, 2022: transpacific eastbound disruptions and congestion continue to pressure ocean capacity and shipping schedules out of Asia.
Week of March 22, 2022: transpacific eastbound disruptions and congestion continue to pressure ocean capacity and shipping schedules out of Asia.
A Shanghai COVID surge disrupts suppliers and shippers on Transpacific lanes amid congestion, equipment imbalances, and uncertain demand softening.
Transpacific eastbound ocean rates remain strong with tight space expected to persist, while Flexport spotlights the European and growing LATAM freight markets.
Transpacific congestion, equipment imbalances, and blank sailings persist as the Russia-Ukraine conflict drives up crude oil and bunker fuel surcharges for shippers.
Severe congestion, origin backlogs, and high floating rates show no relief on Transpacific lanes as retailers replenish inventory, per the February 15, 2022 update.

Schedule delays remain severe on transpacific eastbound as carriers clear aged Lunar New Year cargo and the premium ocean market stays strong.
Carriers brace for strong post-Lunar New Year Transpacific demand as low inventories, severe congestion, and trucking shortages persist into 2022.
Transpacific schedule reliability hits historic lows as severe congestion and trucking shortages persist, with shippers still paying premium rates for space.