Market Updates

Freight Market Update: August 2023
Market Updates
Monthly Highlights
Lower The Panama Canal Authority is Imposing Greater Water RestrictionsFreight Rates Entail Carriers Doing More With Less
Due to climate conditions such as El Nino and poor rainfall, the Panama Canal Authority…

Freight Market Update: July 2023
Market Updates
Monthly Highlights
Lower Freight Rates Entail Carriers Doing More With Less
Since 2021, global container freight rates have plummeted, and carriers are doing more with less. As airlines cut expenses, liner consolidation has…

Freight Market Update: June 2023
Market Updates
Monthly Highlights
Retailers Are Attempting To Adjust Their Supply-Chain Projections.
Retailers are actively striving to enhance supply chain forecasting in order to reduce disruptions and better satisfy customer needs. Traditional…

Freight Market Update: May 2023
Market Updates
Monthly Highlights
Growing Freight Fraud is Peeling Millions From the U.S. Shipping Market
Millions of dollars are being lost every year due to freight fraud in the United States shipping market. False pickups, falsified paperwork,…

Freight Market Update: April 2023
Market Updates
Monthly Highlights
Chatbots Are Stepping Toward Supply Chains
Chatbots are increasingly used in supply chain management because they allow businesses to have an automated way of communicating with their suppliers, saving both parties…

Freight Market Update: March 2023
Market Updates
Monthly Highlights
Cargo Growth Forecasts Drastically Reduced By Freightos
Freightos, the Israel-based online freight booking platform, has slashed its growth forecasts due to declining cargo volumes and freight rates, with revenue…

Freight Market Update: February 2023
Market Updates
Monthly Highlights
The US East Coast is still as popular as last year, despite a bit of shifting away from it because of the release in Covid-related port congestion on the US West Coast. Prices have gone down a bit, but they reached…

Freight Market Update: January 2023
Market Updates
Monthly highlights:
As a result of the high demand and effect of the Chinese New Year, air freight rates have increased around by %10. After the Chinese New Year period air market returns to a slack condition.
The Chinese government…

Freight Market Update: December 2022
Market Updates
Ocean rates on Asia - US West Coast lanes dip below 2019 levels
Monthly highlights:
US ocean import volumes have dropped to a level 12% lower than a year ago.
This lowered demand and easing congestion continue to lower shipping…

Freight Market Update: November 2022
Market Updates
Ocean Freight Market Update
Asia to North America
Rates are expected to remain low for the foreseeable future.
The U.S.’s Transpacific East Bound (TPEB) demand is still quite flat despite the planned blank sailings through Week…