Market Update: February 28, 2018
Carriers cancel the March 1 GRI and push the March 15 increase to March 18 as Asia-US rates decline and ONE prepares its April 1 launch.
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Market Update: February 21, 2018
Ocean and air freight market update for February 21, 2018, with rates to the U.S. down slightly and tight space set to ease after Chinese New Year.
Market Update: February 14, 2018
Ocean rates hold steady with no GRI until March 1, while space stays extremely tight out of China on the eve of the Chinese New Year holiday.
Market Update: February 7, 2018
Ocean and air freight trends for the week of February 7, 2018, as carriers cancel the February GRI and space tightens ahead of Chinese New Year.
Market Update: January 31, 2018
Carriers heavily mitigated the February 1 GRI ahead of Chinese New Year, with ocean space tightening and blank sailings expected across Asia lanes.
Market Update: January 10, 2018
The January 1 GRI holds on the Asia-US East Coast but erodes to the West Coast, with a $1,000/FEU January 15 GRI looming as Chinese New Year approaches.
Market Update: January 17, 2018
Asia-US ocean carriers implement a January 15 GRI on the East Coast while West Coast increases are postponed, with space tightening ahead of Chinese New Year.
Market Update: January 24, 2018
The January 21 GRI came in weaker than expected as carriers eye a firmer February 1 increase and tight space heading into Chinese New Year.