Insights
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Transpacific Eastbound Market Update – Week 4, 2020
Ocean freight rates shatter records as premiums to secure capacity and equipment continue to rise and the Chinese New Year draws closer. Bottlenecks are also spreading with inland rail hubs facing chassis shortages in locations such as Chicago and Memphis. Congestion at the majority of East Coast, Gulf and Pacific…
Jan 22, 2021

International Airfreight Market Update – Week 4, 2021
Transpacific airfreight rates dropped nearly $5.00 per KG coming into 2021, falling from $8.00/kg to below $4.00. This drop did not last long. With three weeks still remaining until the start of the Chinese New Year holiday, rates have jumped back up by 20-30% this week. Though the west coast…
Jan 18, 2021

Transpacific Westbound Market Update – Week 3, 2021
Strong import cargo demand continues to create numerous challenges for US exporters. We continue to experience lack of vessel space, little to no available equipment, terminal congestion, consistent booking rolling and continuously changing cut off dates. This situation is expected to continue due to the changing purchasing habits caused by…
Jan 15, 2021