Jun 13, 2024 · Rising freight rates are a new source of concern in the global supply chain with forecasts warning that ocean cargo prices could reach $20,000 — potentially even touch the Covid era peak of...

May 17, 2024 · Ocean freight container spot rates have risen sharply on the world’s top trades since the start of May, prompting speculation that the peak season has arrived early in 2024. What is less clear are the reasons behind these dramatic rate movements.

2 days ago · But we could expect demand and rates to increase post-LNY. With transpacific container prices, already elevated on Red Sea diversions and frontloading, at more than $5,000/FEU to the West Coast and $6,700/FEU to the East Coast, enough of an extra boost could push rates up or past last year’s peak season July high of $8,000/FEU to the West ...

May 23, 2024 · Ocean freight spot rates are experiencing a sudden, surprise spike as a container crunch in peak shipping season roils global trade and could hit the consumer.

Jan 6, 2025 · According to Freightos data, rates for containers moving from Asia to U.S. West Coast ports increased 8% to $4,825 per FEU for the week ending Dec. 27, 2024. Asia-U.S. East Coast prices saw a 3% bump to $6,116 per FEU in the same period.

Commencing February 1st, 2024, the shipping industry is poised for a notable shift as major carriers announce a General Rate Increase (GRI) on ocean freight, with Transpacific FEU cost set to rise well above the five-thousand-dollar mark.

Jul 2, 2024 · Shippers are feeling the effects of the ongoing imbalance through higher freight costs. Rates from Asia to the U.S. West Coast reached $7,052 per forty-foot equivalent unit this week, while rate from Asia to the U.S. East Coast reached $8,253 per FEU, according to a July 2 update from Freightos.

Dec 30, 2024 · The trusted ocean freight index, with daily updates on 12 trade lanes. Freightos Air Index. True-to-market air freight index spanning dozens of trade lanes ... will likely be less pronounced than usual too as many US shippers continue to frontload ahead of expected tariff increases, with this pull-forward already reflected in record November ...

Discover the factors driving ocean freight rate increases and gain strategies for navigating an early ocean peak. Learn how to optimize your business for success.

A 10% increase in vessel capacity in 2024 was offset by diversions through the Cape of Good Hope, global port congestion, and a 6% rise in demand, leading to a capacity shortage. Markets impacted by Suez Canal diversions, such as U.S.–India, U.S.–Middle East, and U.S.-Asia, are experiencing more blank sailings.