Freight Market Update: March 28, 2023

Trends To Watch

  • [Ocean] Demand on the Far East Westbound (FEWB) lane has been down due to a combination of high inflation, inventory overages, and geopolitical instability—a rebound is expected in early April.
  • [Air] Asia-EU routes are continuing to see soft demand, which means rates are down and capacity is up.
  • [Air] On Asia-N. America routes providers are adding flights to the schedule, but a true recovery is not expected until Q3 thanks in part to importers still selling through existing inventory.
  • [Air] Capacity out of Europe continues to increase, thanks in large part to the ongoing return of regularly scheduled passenger flights.
  • Recommendations: For most modes and routes, take advantage of the soft market with widely available capacity and rates mostly in line with 2019 numbers.

Freight Rates

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