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Answer to contrasting fortunes of XSI in September and October could be found in the Far East

"Businesses who locked into long-term contracts at lower end of 2023 prices could be first to suffer if market turns"

Ocean Network Express (ONE) the most CO2 efficient carrier on the highest number of trades during second quarter

Little uptick offers glimmer of hope for carriers looking for signs of market recovery

Flexibility by choosing 3-6 month agreements over 1-2 year contracts might allow shippers to leverage opportunities

Carriers adopt slow steaming to manage tonnage; cost of moving empty containers, especially to Asia, remains significant

Routes from the Far East, the busiest globally, experienced a significant 75% YoY contract value reduction

GRIs from carriers appear to have held relatively firm, pushing spot rates up above long-term rates on key corridors

Last month saw a 7% YoY capacity recovery as airlines’ summer schedules stepped up to meet heightened passenger traffic.

Port of Los Angeles moved 833,035 TEUs in June, its best performance since last July

Shippers are the dominant players in the market right now, as freight forwarders and airlines are nervous of missing/losing the volumes that are...

While 13% are negotiating for 3-6 months, 10% are continuing to use only the spot market