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Blanked sailings from Asia to U.S. West Coast more than six times higher than weeks leading up to holiday in 2019

"Spot rates have continued to fall on a weekly basis, rapidly closing in on five-year 2015-19 averages."

46% customers considering sustainability in their procurement strategies for 2023

Capacity parked on the ocean earlier is now being applied again, which is putting pressure on the market

Avg long-term rate for contracts entering validity in past three months at least $1,900/FEU higher than avg spot rate

42% customers expect ocean volumes to be stable/consistent with 2022

After drop in spot rates, spread between high & low rates from South East Asia to the U.S. has collapsed: Xeneta

Ocean cargo volumes could fall by up to 2.5% & weak demand will force increased idling of vessels

Carriers are scrambling for volumes they can get; backhaul shippers having easier time getting their volumes on board.

Global airfreight spot prices fell below last year's level for the second month in a row in October. The slight increase in week 3 was mostly due to...

Deliveries of new ships expected to outpace demand next year indicating a continued fall in freight rates

43% Xeneta customers anticipate disruption but no major issue even if carriers blank 50% of all scheduled sailings.