Freight Market Update | Week 45

OCEAN FREIGHT

Asia to North America (Transpacific Eastbound)

  • Congestion continues to cause delays as LA/LB hit records of over 80 ships awaiting to berth.

  • Emergency congestion fee effective November 1st.

  • Premium prices are still high to get urgent cargo moving - holiday season is here!

  • Capacity is critical

  • Consider different ports

  • Intermodal delays are happening, so try to avoid that mode if possible

  • 4-6 weeks booking in advanceis recommended

North America to Asia

  • East Coast capacity has been better

  • Void sailings and delays have been a challenge

  • GRIs to take place in November

  • Chassis are not easily available

  • Book 4-6 weeks in advance to secure space and equipment

North America to Europe

  • Steady rates in November

  • Available capacity on the TAEB trade with carriers looking for cargo from the US East and Gulf Coasts

  • US West Coast service to Europe is very tight

  • Deficits are still plaguing IPI origins.

  • Book 4 weeks in advance.

Europe to North America (TAWB)

  • Congestion at LA/LB is severe and emergency congestion fee is in place to try to get container moved faster

  • Look as alternative ports as an option to move your freight

  • Capacity is critical

  • Ports have more equipment availability than inland depots right now

  • Book 5 weeks in advance

Asia to Europe

  • Space and equipment are critical

  • Blank sailings is making everything worse

  • Carriers are rolling shipments, so make sure to book as early as possible (4 weeks at least)

  • Power shortages are affecting production

  • Rates are still high, but stable

Indian Subcontinent to North America

  • Manu manufacturers will be off for the Diwali festival until November 6 (delays)

  • Rates remain stable

  • Space is tight

  • Holiday season adding additional demand, equipment is hard to get

  • Look as alternative ports as an option to move your freight

North America to South America

  • One of Port of Miami’s largest marine terminals is facing an informal boycott by drayage carriers who say they are tired of the interminable waits for picking up containers.

  • Equipment deficit on special containers, book prior to estimated departure date.

  • Peak Season Surcharge effective September 26, 2021 through January 9, 2022, USD 200/ TEU Dry Container.

  • Book at least 3 to 4 weeks in advance.

AIR FREIGHT

Asia

  • Although PVG airport handling capability is improving, the market is still very constrained ex PVG.

  • TPEB market capacity is fully booked.

  • Ocean to air conversions are picking up as there is no available ocean space for cargo to make it in time for the US holiday season.

Europe

  • Rates still have remained steady as there is enough capacity to meet demand.

  • European carriers still offer services from Asia to the USEC via European hubs, due to the heavy demand on the Transpacific.

  • Place bookings at least 7 days ahead of CRD for most optimal rates and routing solutions.

Americas

  • Export demand remains steady and stable.

  • Some capacity constraints are reported, but still manageable.

  • LAX/ORD/JFK ground-handlers still face large backlogs and are using off-airport facilities to manage the flood of inbound cargo, affecting the export side.

  • US opens borders with Brazil starting Nov 8th. We'll see more flights to BR starting Nov 15th.

News & Notifications, Freight Market UpdateVanessa Frye