
Freight Market Update: July 8, 2020
Ports in Europe and North America faced rising congestion from continued blank sailings, while Transpacific airfreight volumes climbed then dipped.

Ports in Europe and North America faced rising congestion from continued blank sailings, while Transpacific airfreight volumes climbed then dipped.

Warehouse demand rises 2.8% year over year as COVID-19 shifts consumers online and retailers pad inventory, while air freight capacity begins to stabilize.

As COVID-19 cancellations tighten ocean capacity, carriers shun 2008-era rebound tactics and may lean into higher rates for greater long-term stability.

Blank sailings drift into peak season as COVID-19 keeps ocean demand low, prompting carriers to manage capacity and hold up rates, June 10, 2020.

Ocean and air freight rates with customs and COVID-19 news for June 3, 2020, as shipping groups call for port digitalization to build supply chain resilience.

Shipping lines seek government aid to weather COVID-19 with varying results across Asia and Europe, plus rate trends for the week of May 27, 2020.

European ports take the hardest COVID-19 hit as container volumes drop and blank sailings surge ~300% year over year, while US trucking hours of service expand.

Travel restrictions strand thousands of seafarers at sea or jobless ashore as the IMO calls for essential-worker status, in the May 13, 2020 update.