Ocean freight rates on the Asia–U.S. trade lane continue to climb as sustained import volumes extend what was expected to be an early peak season. Freightos said the resilience in transpacific demand is “taking most observers by surprise.” Key Market Rates Asia → U.S. East Coast: $9,144/FEU, up 1% week over week and reaching a new high. Asia → U.S. West Coast: $6,826/FEU, up 11% week over week. The divergence between the two U.S. coasts has become more pronounced in recent weeks. Freightos suggests West Coast rates may have been influenced by capacity additions outpacing changes in cargo volumes. Import Volumes Remain Strong The anticipated early peak season continues to linger, with import activity remaining elevated through August. According to the National Retail Federation (NRF) and Hackett Associates’ Global Port Tracker: May: 2.24 million TEUs — busiest month so far July: 2.21 million TEUs — projected August: 2.22 million TEUs — forecast September: 2.16 million TEUs — forecast as...
JTS FREIGHT SYSTEMS is a privately-owned, full-service transportation brokerage company. Founded in 2006, JTS Freight Systems is owned by two logistics professionals with over 6 decades of combined experience in the International and Domestic logistics industry.