
Market Update: January 3, 2018
Ocean and air freight market update for January 3, 2018, covering the January 1 GRI holding and rising rates and tight space ahead of Chinese New Year.

Ocean and air freight market update for January 3, 2018, covering the January 1 GRI holding and rising rates and tight space ahead of Chinese New Year.
US port drayage faces slowdowns and rising costs in early 2018, driven by winter weather, import volume growth, chassis shortages, and the ELD mandate.

Air freight rates held high with tight capacity as carriers idled freighters for year-end maintenance and Hong Kong added a fuel surcharge increase.

Air rates stabilize out of Asia as the holiday push winds down, while record-high rates persist out of Europe amid supply-demand imbalance and winter weather.

Air freight rates stay high with tight capacity through mid-December as e-commerce demand surges and major delays persist at Frankfurt airport.

Air freight demand stays extremely high with capacity backlogs across major trade lanes, plus ocean rate trends for the week of November 29, 2017.

Carriers announce blank sailings after China's Golden Week, congestion eases at Prince Rupert, and air rates stay high as capacity tightens.

E-commerce demand keeps air rates climbing out of Asia as space constraints persist through peak season, with record-high rates continuing out of Europe.