The freight market has experienced significant shifts over recent weeks, with a noticeable improvement in space availability across major trade lanes heading into Week 3. As we approach Chinese New Year (CNY), carriers are actively seeking to secure additional volume to strengthen their rolling pools ahead of anticipated factory [...]
WEEK 2 FREIGHT MARKET UPDATE: TENTATIVE LABOR AGREEMENT, SLOWDOWN, TARIFF RISKS, AND LUNAR NEW YEAR IMPACT U.S. PORTS As we enter the second week of 2025, the freight market is navigating a blend of factors—seasonal slowdowns, political uncertainty, and the typical start-of-year adjustments. While demand remains resilient, certain key [...]
WEEK 1 FREIGHT MARKET UPDATE: A STRONG START TO 2025 EXPECTED, BUT CHALLENGES AHEAD The freight market is kicking off 2025 with strong demand and several key developments shaping how global shipping will unfold in the coming weeks. While there is a lot of momentum right now, there are [...]
As the U.S. freight market enters Week 51 of 2024, new Panama Canal tariffs and the potential International Longshoremen's Association (ILA) strike loom large. These challenges, combined with tightening capacity, are beginning to impact shipping operations, particularly along the U.S. East Coast and West Coast. PANAMA CANAL TRANSIT SURCHARGE [...]
Container shipping demand stays strong in Week 50 as we head into late December and January, especially on the PSW and PNW routes. There are three main reasons behind this: volumes are shifting away from USEC routes, seasonal surges ahead of Chinese New Year, and front-loading activity due to [...]
The Week 49 freight market continues to navigate a challenging climate. Equipment shortages continue to pose challenges for U.S. ports, particularly on the West Coast. Canadian ports also remain congested as teams work through backlogs caused by the extended labor strike. Meanwhile, U.S. analysts project that the incoming administration's [...]
The Week 48 freight market continues to be influenced by labor challenges and congestion in North America. Dwell times at the Ports of Los Angeles and Long Beach have improved, reducing delays and easing rail transport to inland U.S. destinations. The shift in U.S. trade policy under the incoming [...]
The Week 47 freight market finds labor challenges and congestion continuing to dominate North American shipping. Following the near two-week shutdown at Canadian ports, operations have resumed, but a significant backlog of containers and vessels remains. Clearing this congestion is expected to take several weeks, with some vessels still [...]
In Week 46, the Canada labor action continues to disrupt operations at British Columbia’s major ports, halting vessel, rail, and truck activities at Vancouver, Prince Rupert, and Fraser-Surrey. Meanwhile, transpacific trade sees notable market shifts, with the U.S. West Coast saw ample space availability and reductions, while the East [...]
Week 45 of the freight market finds labor action in Canada creating port congestion and rail operations impacting North America. SPECIAL EDITION: CANADA PORT WORKER LABOR ACTION SUPPLY CHAIN IMPACT The union representing longshoremen at the Port of Montreal (CUPE 375) went [...]
