If the spread between contract and spot rates narrows, capacity will become increasingly inconsistent in the second half of the year.
Maritime’s peak season — which typically ramps up in August and lasts throughout October — is expected by retailers and supply chain professionals to be weaker than it has been in previous years.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
There has definitely been a sustainable shift in how freight is distributed domestically.
Tender rejections have yet to return to mid-May’s all-time low, but their softness could persist in a trough for the next two quarters.
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One last round of bad news to cap this week: China and the U.S. both posted dismal data from their respective industrial economies.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Volumes did see some growth ahead of the upcoming Memorial Day holiday, though not nearly enough to bust out the champagne and sparklers.
FreightWaves’ Carrier Rate Report — presented in partnership with Optym and Trimble — provides a review of the previous quarter and a forecast for the coming months.
So as not to bury the lede, this week’s lack of change in the PPI might ultimately prove to be the most exciting stability in quite some time.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
It is becoming increasingly clear that hopes of a container boost from the reopening of China are all but gone.
