Shipping carriers globally have initiated rate increases for freight originating from Asia and other key regions. These companies justify the higher costs by citing increased operating expenses. Such
by Air Cargo Sees January Surge Driven by Early Holiday Timing
The global air cargo market began the year with a notable surge in January, experiencing a significant 7% increase in volume compared to the previous year. This substantial boost largely stems from th
by Update: Scrapping strategy looms large in 2026 as carriers manage growing oversupply
Title: Shipping Industry Prepares for Fleet Adjustments Amidst Oversupply
The global shipping industry faces ongoing downward pressure on freight rates, a direct consequence of a rapidly expanding fle
by Update: Carriers try new rate hike on Asia-Latin America, but fresh capacity provides headwind
Title: Shipping Giants Implement Rate Hike on Asia-Latin America Route
Major global shipping lines, CMA CGM and Hapag-Lloyd, have announced a significant general rate increase (GRI) on the crucial Asi
by Trucking Capacity Squeeze Expected to Drive Up Shipping Costs
Knight Swift, a leading transportation company, forecasts a notable increase in shipping rates for customers. This anticipated rise stems from expected tightening of truckload capacity. Federal govern
by Taiwanese Carriers Report Revenue Declines Amid Weak Shipping Rates
Taiwan’s leading ocean carriers have announced significant revenue declines for the fiscal year extending into 2025. Weaker shipping rates across the global market primarily drove these reductions. Th
by Trans-Atlantic Shipping Braces for Oversupply
The Trans-Atlantic shipping market is bracing for a significant imbalance as a substantial injection of container capacity is poised to outstrip market demand in early 2026. This situation could exert
by India-Europe Freight Rates Climb Amid Capacity Squeeze
Shipping rates on India-Europe trade lanes have increased during December. Mumbai-based forwarder executives confirm this rise stems primarily from tighter capacity. They link these pricing gains dire
by Intra-Asia Shipping Rates Remain Elevated Amid Capacity Squeeze
Ocean freight rates for services connecting China and Southeast Asia have reached multi-month highs, reflecting a dynamic market environment. This current surge follows a notable mid-year peak, primar