
Market Update: April 25, 2018
General Rate Increases hit Transpacific and Far East Westbound lanes for May as a new direct India-to-US West Coast ocean service launches in June.

General Rate Increases hit Transpacific and Far East Westbound lanes for May as a new direct India-to-US West Coast ocean service launches in June.

Ocean GRI announcements hit Transpacific and Far East lanes while the IMO agrees to halve shipping carbon emissions by 2050, for April 18, 2018.

Ocean, air, and trucking freight trends for the week of April 11, 2018, including an April 15 TPEB GRI and the launch of carrier ONE.

Carriers expected the April 1 GRI to hold as Transatlantic westbound space stayed full and Ocean Network Express launched its combined Japanese fleet.

Planned US steel and aluminum tariffs could boost Asia-Oceania trade demand, while an April 1 GRI takes effect across Asia-to-US and Asia-to-Europe lanes.

Carriers canceled the March 18 GRI as Asia and India export rates fell, US export rates held steady, and Ocean Network Express prepared its April 1 launch.

Ocean rates dip as an April GRI looms and ONE launches April 1, while the China air market heats up heading into spring shipping season.

Ocean rates fall this week as the March 1 GRI is canceled, while ONE prepares its April 1 launch integrating three major Japanese carriers.