Asia and freight market update; November 2024
Sea freight spot rates are declining in many trade-lanes, air freight rates remain robust due to capacity shifts and steady demand, with road freight rates in Europe and the US…
Sea freight spot rates are declining in many trade-lanes, air freight rates remain robust due to capacity shifts and steady demand, with road freight rates in Europe and the US…
Ocean, air, and road freight sectors are responding to unique regional and operational pressures, as well as ongoing capacity and rate adjustments. OCEAN The ocean freight market is cautiously optimistic,…
Container shipping lines are experiencing full bookings on numerous trade routes until August and with strong demand from Asia expected to continue well into the third quarter It is highly…
The OECD, WTO and IMF are predicting that global trade growth could more than double in 2024, with falling inflation triggering lower interest rates, to stimulate domestic markets and consumer…
Carriers have been pushing spot rates increases, GRIs and surcharges on all Asia outbound lanes, due to increased demand and increasing equipment challenges in more origins and it would be…
Many of the world’s top ocean freight stakeholders gathered in Long Beach, California earlier this month for the annual TPM conference, which this year takes place under the shadow of…
European road freight rates will be under pressure from the 1st December as a new toll system linked to CO2 emissions begins its roll-out in Germany, with the rest of…
The container shipping line’s capacity management is driving rate recovery from Asia to the US, Europe and the Med, while the quiet summer period continued in airfreight markets during July,…
A subdued peak season, followed by a lengthy slack period, will prompt further rate erosion from Asia to Europe, while rising imports have been driving trans-Pacific spot rates up and…
Schengen countries are tightening up security at external borders and Imperial College calculate it could result in 30 mile traffic jams at Dover and five hour queues at the Eurotunnel.…