Freightos Baltic Index

Are spot rates peaking before the peak?

Chart of the Week:  Freightos Baltic Daily Index – China to North America West Coast, Intermodal Spot Rates, Truckstop Dry Van Rate per Mile – USA SONAR: FBXD.CNAW, TSTOPVRPM.USA, INTRM.USA

Spot rates for shipping ocean containers, dry van truckload and intermodal containers are all hitting multiyear highs in almost pure synchronicity — an indication that shipping demand is strong across global supply chains.

The spot market may not be the largest volume of transactions in transportation, but it...

https://s29755.pcdn.co/news/are-spot-rates-peaking-before-the-peak

Trans-Atlantic shipping sinks as trans-Pacific soars

container terminal

It’s a tale of two oceans for U.S. container imports. Freight rates for Asian exports crossing the Pacific are reaching new heights even as fleet capacity rebounds. Rates for boxes from Europe crossing the Atlantic are sliding even as more ships are pulled from service.

Prior to the coronavirus, the secular shipping pendulum was swinging toward the East Coast ports. Now, the pendulum is swinging back — at least temporarily. The West Coast is seizing a bigger share of U.S. imports in the COVID...

https://s29755.pcdn.co/news/trans-atlantic-shipping-sinks-as-trans-pacific-soars

Intermodal markets: L.A. turns up again

Intermodal volumes continue to outperform the trailing 4-week average, and there are a few reasons why we believe this trend will continue.

First, shippers are running into capacity issues getting freight out of China, reflected in Freightos Baltic Index spot rates for 40’ containers from China to the West Coast. That rate, which has been grinding upward since a bottom in March, ripped to the upside beginning in June. On May 29, shippers in China were booking spot containership capacity for...

https://s29755.pcdn.co/news/intermodal-markets:-la-turns-up-again

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