Pre-Chinese New Year box import bump disappoints
Traditional U.S. import rush prior to Chinese holiday is subdued in 2020.
Traditional U.S. import rush prior to Chinese holiday is subdued in 2020.
Index data appears to show that IMO 2020 fuel costs are being passed along to box shippers.
The shift of production from China to southeast Asia is unlikely to stop the trans-Pacific container market from declining this year.
Freight data confirms that container lines are increasing their flows to the U.S. East Coast at the expense of California ports.
Data reveals how container pricing may have suffered collateral damage from the trade war.
After first half surge, the back-end of November is weakening after the last U.S. freight surge.
China-to-California box rates are up 16% from October lows, but are still down 43% year-on-year.
Even with a 15-20% increase in container freight costs from Asia to the U.S., prices would still be far below 2018 rates.
Small tariff increase fails to excite demand as rates reach 2-year lows.
The Freightos Baltic Index is the leading index of market rates for 40 foot containers.
The Freightos Baltic Index (FBX) is the world’s leading – and most accurate – index of market rates for 40′ containers.
Forwarders and ocean carriers are betting a major holiday in Asia and seasonal inventory building at U.S. retailers will provide a boost to container shipping rates. Despite the short-term bump, one outlook for 2019 suggests the container shipping industry will remain challenged. Spot rates on one of the busiest ocean trade lanes for moving containerized […]
Sanguine outlook could flip, but retailers look well stocked ahead of peak season.