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Freight Market Update

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COVID-19 Latest UpdatesFreight Market Update
September 29, 2022

Supply Chain Effects From Ian Could Last for Weeks, Port of New York and New Jersey Takes Top Import and Export Spot, IBEW Becomes Third Union to Ratify Rail Labor Agreement.

Ocean Supply chain effects from Ian could last for weeks. Experts are predicting severe disruption…
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COVID-19 Latest UpdatesFreight Market Update
September 22, 2022

Suez Canal Transit Tolls to be Raised Again, Renewal of FDA Food Facility Registration Begins Oct. 1, FAA Rejects Proposal to Cut Hours Required for Pilot Training.

Ocean Suez Canal transit tolls to be raised again. The Suez Canal Authority (SCA) announced…
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COVID-19 Latest UpdatesFreight Market Update
September 15, 2022

Railway Strike Averted After Tentative Labor Agreement Reached, Empty Containers Could Saturate Global Ports in 2023, Lower Gas and Car Prices Help Slow Inflation.

Rail Railway strike averted after tentative labor agreement reached. A tentative railway labor agreement has…
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COVID-19 Latest UpdatesFreight Market Update
September 8, 2022

California Heat Wave Causing Grid Power Issues for Shipping Lines, CBP Warns Residents Against Phone and Email Scams, $85 Billion Transportation Plan Adopted by Texas.

Ocean California heat wave causing grid power issues for shipping lines. Ocean-going vessels are being…
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COVID-19 Latest UpdatesFreight Market Update
September 1, 2022

Container Reliability Trends Upward Over the Summer, Injunction Against AB5 Law Formally Lifted, Aviation Consumer Protection Website Now Live.

Ocean Container reliability trends upward over the summer. The latest Global Liner Performance (GLP) report…
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COVID-19 Latest UpdatesFreight Market Update
August 25, 2022

Congestion to Continue Amid Peak Freight Season, Price of Ship Fuel Continues to Sink, New Cargo Terminal Opens at Zhengzhou Xinzheng International Airport.

Ocean Congestion to continue amid peak freight season. Projections indicate that it could be long…
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COVID-19 Latest UpdatesFreight Market Update
August 18, 2022

AB5 Protests Cause Cargo Volume Drop at Port of Oakland, FMC Requests Public Comment on Emergency Order Issuance, Sichuan Factories Shutdown Amid Scorching Heatwave.

Ocean Container spot rates are declining fast. According to The Loadstar, container spot rates are…
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COVID-19 Latest UpdatesFreight Market Update
August 11, 2022

CBP Announces Enhancements to O’Hare Global Entry technology, Fertilizer Shippers Want Carrier Reforms, UPS to Reduce Surcharges on Some International Services.

Ocean DOT data sharing partnerships aim to improve supply chain. The U.S. Department of Transportation…
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COVID-19 Latest UpdatesFreight Market Update
August 4, 2022

The Port of New York and New Jersey to Implement Container Fee and Mandatory Export Levels, Tariff Increases on Russian Imports Go Into Effect, Oakland Judge Seeks More Time to Review AB5 Granting Truckers Small Victory.

Ocean World’s largest container ship being delivered to ABS class. The Ever Alot, Evergreen's giant…
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COVID-19 Latest UpdatesFreight Market Update
July 28, 2022

Texas Ports Report Record-Breaking Increases in Container Volumes, Shortages of Chassis Cause Inland Delays Around the U.S., International Flights Resume in Beijing.

Ocean Rates fall as demand weakens. According to The Loadstar, as supply chain disruptions ease…
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