Rising trans-Pacific ocean freight rates are expected to climb further as demand picks up in anticipation of the Lunar New Year holiday.
The Asia-U.S. container market continued its Q4 volatility, with climbing West Coast rates offset by a dip in East Coast prices.
Capacity reductions and additional blanked sailings by carriers struggle to maintain recent General Rate Increases on the trans-Pacific.
Container rates on the benchmark Asia-U.S. container trade route fell due to overcapacity, while a Red Sea return may pressure rates, and congestion.
Container lines are using rate hikes and blank sailings to manage capacity surplus and faltering demand.
Freightos has adopted an automated payment processing system from Transcard that comes with embedded financing to facilitate air cargo bookings.
A slate of China agreements clears some of the uncertainty around ocean shipping, but questions still surround demand in the U.S. and other markets.
Trans-Pacific container rates improved 15% to 20% last week as U.S. negotiators made progress on Asia trade deals.
Asia-U.S. container rates rallied on carrier-imposed GRIs and tighter capacity, despite trade tensions.
Container rates on key trans-Pacific routes accelerated their decline as China and the U.S. escalated their trade war.
Container rates on the eastbound trans-Pacific fall by double-digits as ocean shipping braces for new U.S. port fees.
Container rates on the trans-Pacific reached two-year lows as weak demand is expected to continue through the end of the year.
Ocean rates climb as a deal for social media’s TikTok heralded an upbeat outlook for China-U.S. trade relations.
While ocean container rates on the trans-Pacific were unchanged in the latest week, carriers are testing soft demand with general rate hikes.
After tariff worries chased up import volumes in July, ocean freight rates have steadily fallen on frontloading, capacity issues.
Container rates on the closely-watched eastbound trans-Pacific fall to their lowest levels since before the Red Sea crisis erupted in 2023.
The recent storm of trade news failed to move the needle for trans-Pacific container rates.
Freight rates on U.S. ocean trade routes hold steady as shippers and carriers wait out trade talks, tariff deadlines.
Declining demand and a global tariff fight continue to undermine ocean container rates on key Asia-U.S. trade lanes.
Ocean container rates on the key Asia-U.S. trade lanes continued their downward trend in the latest Freightos index.
