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Rising Imports and their effect on peak season pricing

We thought you’d be interested in the following article as it highlights the urgency of booking in advance to peak season: Trans-Pac rates jump on rising imports

Despite uncertainty in the global arena, and specifically involving consumer merchandise imports from China, volumes continue to inch up over last year’s record numbers. At the same time, the spot rate for shipping an FEU from Shanghai surged 30.2 percent to the East Coast and 16.7 percent to the West Coast, according to the Shanghai Containerized Freight index published in the JOC.

Another sign that could indicate carriers will achieve a higher degree of pricing power this peak season is that the 2M Alliance of Maersk and Mediterranean Shipping Co, and THE Alliance of Yang Ming, Hapag-Lloyd, and the Ocean Network Express are each canceling a weekly service, the 2M in July and THE Alliance in August. The reduction in capacity is intended to help carriers improve on–time reliability in their weekly services, which has suffered because of delays in Asia, but also to achieve better supply-demand economics for the carriers

“As always, we are here to answer any questions you may have. Please reach out to your Jaguar Freight Representative”
– Jaguar Team

Compliments of Jaguar Freight, a member of the EACCNY