Spot rates on the trans-Pacific trade lane are climbing even faster than during the pandemic-driven spike of spring 2021, fueled by a surge in Asian imports ahead of looming U.S. tariff hikes. This rush, triggered by a temporary pause in tariffs enacted under the Trump administration, has ocean carriers pushing rates aggressively to maximize revenue […]
Read MoreOcean freight rates from Asia to Europe soared ahead of the carriers’ June 1 general rate increases, fueled by growing congestion at major ports and a shift in vessel deployment toward the booming Asia-U.S. trade lane. Severe delays at key port hubs on both ends of the Asia-Europe route are absorbing available capacity. At the […]
Read MoreMajor container shipping lines are pushing for spot rates on shipments from China to the US West Coast that are more than double current levels, aiming to capitalize on a surge in demand sparked by a temporary easing of US tariffs on Chinese goods. Spot rates have already started rising following Monday’s announcement of a […]
Read MoreAir cargo volumes and capacity are expected to rise in the coming days after the United States and China agreed to a 90-day partial suspension of their ongoing trade war. The dispute had driven tariffs between the two nations to more than 100%, with additional duties placed on e-commerce shipments. Following a weekend of negotiations, […]
Read MoreRecent data from WorldACD reveals a slight decline in airfreight demand from China and Hong Kong to the US last week, even as shipping rates increased. For the week ending April 6 (week 14), demand from these key markets fell by 1% compared to the previous week, marking the first drop since the beginning of […]
Read MoreAirfreight rates continued their upward trend last week as businesses sought to transport goods ahead of the anticipated announcement of sweeping new U.S. tariffs. According to data from TAC, compiled for the Baltic Air Freight Index, overall air cargo rates increased by 2.4% in the week ending March 31, reflecting a 5.1% rise compared to […]
Read MoreAir freight rates from China to the US have plummeted since Lunar New Year, driven by the typical post-holiday slowdown and uncertainty over new US trade restrictions on low-value imports under the “de minimis” threshold. Though the sharp decline in spot prices has stabilized in March, average rates from Shanghai to the US were down […]
Read MoreThe effects of stricter e-commerce shipping regulations started to surface in February’s air cargo data, even as the overall market maintained its growth trajectory. According to new figures from data provider Xeneta, global air cargo demand rose by 4% year over year in February. The dynamic load factor remained steady at 59%, while the average […]
Read MoreSpot market rates from Asia to North Europe and the Mediterranean continued their upward trend into December, fueled by ocean carrier rate hikes on Dec. 1 and robust demand ahead of an early Lunar New Year starting Jan. 29. According to Drewry, rates from Shanghai to Rotterdam surged 19% week-over-week to $4,775 per FEU, while […]
Read MoreThe global air cargo market entered its peak shipping season this week, with demand surging past available capacity, pushing rates on key trade lanes to new highs for 2024. Asian export routes and the trans-Atlantic corridor are experiencing particularly sharp rate increases, reflecting strong demand and limited supply. Spot rates for Shanghai to North Europe […]
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