Freight Right 国际物流公司

?? Freight Market Update – Week of March 24, 2025 ?? Is importers' wait-and-see attitude changing? Signs point to yes. Ocean rates look like they’re leveling off to their lowest levels in months, Trump appears to be taking a more selective approach to tariffs and US protectionist policy runs further back than most would think. Let’s get into it. ?? On the Market & Rates: ? Container Rates Hit Their Lowest In Over a Year: Rates stop their fall throughout March and settle out at the lowest rates over a year. CEA to USWC Spot rates have fallen to $1,400–$1,500 per container at cost, with selling rates around $1,700–$1,800 while CEA to USEC rates have dropped below $3,000 per container - nearly 50% lower than February levels, which were in the $5,500–$6,000 range. ? Importers Starting to Import: February and March was defined by shippers withholding shipments and taking a wait-and-see attitude to the Trump administration and other world government's tariff policies. With 2 weeks of slower news around tariffs, shippers are starting to ship again - albeit slowly. The read on the behavior is that shippers are beginning to come to terms that tariffs, period, will be part of the new normal going forward. ? April Expected to Bring Higher Rates: February and March were also uncharacteristically slow months for shipping. Carriers, in response, unleashed fire-sale prices to get spaces filled on ships but that trend won't last. Lines signaled in mid-March that low rates won't stay low forever and that increases were ahead in April. That appears to still be happening and shippers should prepare for increased costs from carriers. ?? In the News: The Washington Post: Trump wants to build more ships in the United States. It’s not so simple.:https://lnkd.in/ev2sRWfq The Wall Street Journal: Trump Might Exempt Some Nations From Reciprocal Tariffs: https://lnkd.in/eEZhswiD S&P Global Journal of Commerce: APM to spend $500 million to enhance cargo handling at Elizabeth terminal: https://lnkd.in/eX_x7xYv ?? Article of Interest: The protectionist policies of the Trump administration carry several precedents in US domestic and international policy. Trump, himself, praised US president William McKinley as a model to follow with tariffs. See just how close the policy decisions are: https://lnkd.in/eVdhB5yJ Jason Steinhauer Subscribe to TFX for weekly updates: https://lnkd.in/dM8Qxp_Q

Some exciting news from our corner of the logistics world—our CEO, Robert Khachatryan, has been shortlisted for the LA Times Studios - LA Executive Leadership Awards. We're honored to see Freight Right represented among so many great leaders across industries. It's a nice reminder that staying focused on the work, our team, and our customers can lead to unexpected recognition. Thanks to the #latimes / #latsexec for the nod—and as always, thanks to our team and partners who make everything we do possible.

?? Freight Market Update – Week of March 17, 2025 ?? Container rates can't stay at record lows forever - and, as it turns out, they won't. While the Trump administration and world governments are quiet - for the moment - with regards to tariff and global trade policies, container rates for CEA USWC and USEC are approaching the lowest rates in, soon to be, a year. ?? On the Market & Rates: ? Container Rates Continue to Decline to USWC and USEC Week-to-week, market, at-cost rates, on average have decreased by another $50-100 dollars, approaching the lowest levels in almost a year. CEA/USWC at-cost market rates are hovering around $1500 while CEA/USEC at-cost market rates are hovering around $2400 per the TrueFreight Index (TFX) (below). ? Tariff Uncertainty Continues to Affect Import Volumes: Shippers are still in a holding position and taking wait-and-see positions on tariffs and whether to continued import operations. In other words, expect lower shipment volumes until there's more certainty on domestic and international trade policies. ? Importers Already Imported Their Goods: many shippers are reporting that they increased their imports back in early January and late December, anticipating that Trump and other world governments would follow through on tariffs. As a result, expect March and April shipment volumes to remain low accounting for importers who already imported what they normally would have in the spring. ? March Rates Expected To Stay Low, But April's Rates Expected to Rise: Carriers are currently at fire-sale prices to get spaces filled on ships but that trend won't last. Lines are beginning to communicate that they will be raising prices back up to stop the losses carriers are incurring. ? Expect Blank Sailings in April: If rates remain too low, carriers may resort to blank sailings (canceling scheduled voyages) to cut losses. Limited bookings from China over the past two weeks indicate weak demand, suggesting the market may stay slow through March. ?? In the News: Big Retailers Turning to Suppliers for Relief (The Wall Street Journal): https://lnkd.in/edY7rCnu Trump Trade Chief Pushes for Order After Rocky Tariff Rollout (Bloomberg): https://lnkd.in/eBRA77A8 Deliverr co-founder launches ‘AI teammate’ for logistics, raises $25M (FreightWaves): https://lnkd.in/et4MTHVE ?? Article of Interest: Take a look into the ideas and concepts driving US Treasury Secretary Scott Bessent's views on global order and tariffs: https://lnkd.in/edyCqrFP (no paywall) Subscribe to TFX for weekly updates: https://lnkd.in/dM8Qxp_Q

The global e-commerce market is set to exceed $8.09 trillion by 2027, with cross-border e-commerce growing at 25.4% CAGR. Rising demand for fast shipping fuels air cargo expansion, with Amazon and Alibaba scaling operations. Global air cargo demand surged 11.3% in 2024, surpassing 2021 record highs. Airlines are converting passenger planes, but congestion and costs persist. AI, automation, and SAF enhance efficiency, with 10% SAF adoption targeted by 2030. By 2032, air cargo could reach $230.37 billion, while drones and urban air mobility revolutionize last-mile logistics, making airfreight central to the global supply chain. Read the latest piece on Air Cargo Week from Freight Right's CEO Robert Khachatryan: https://lnkd.in/eD7JctMb

?? Freight Market Update – Week of March 10, 2025 ?? Another day, another fundamental change in global trade policy! The Trump administration continues to escalate it's ongoing trade war with Canada, Mexico and China while the target countries retailiate with tariffs of their own. It's been a challenge keeping up with what's getting affected by who, when it's happening, and if it's happening but we're doing our best to keep on top of everything as it happens. Here's the latest with the market, customs, tariffs and rates: ? Container Rates Continue to Decline but Only Slightly: Week-to-week, market, at-cost rates, on average have decreased by another $50-100 dollars. West Coast rates have decreased a bit more than East Coast but both, for the moment, are projected to stay low at least through the end of March. ? Continued Weak Demand Post-Chinese New Year & Tariff Uncertainty Continues: March typically ushers in the beginning of shipping season but this year, that raise has yet to be seen. Though factories are resuming production post-Chinese New Year, shippers are still, rightfully, uncertain about the current state of business and staggering shipments. ?? On China & Hong Kong Imports to the US: 20% "Fentanyl" tariff on top of existing Section 301 tariffs $800 De Minimis exemption (for now) No eligibility for drawback: https://lnkd.in/gArUNxrd ?? On Canada & Mexico Imports to the US: No tariffs if products qualify under USMCA 25% "Fentanyl" tariff on non-qualifying products (except Potash & Energy at 10%) $800 De Minimis exemption applies No eligibility for drawback: https://lnkd.in/eBCxTkAr and https://lnkd.in/gm9KAi5v ?? On Upcoming Tariffs from the US: 25% tariff (up from 10%) on steel, aluminum, and derivatives All quotas, exclusions, and exemptions removed Additional steel & aluminum products added to the tariff list: https://lnkd.in/e6AAXbWs and https://lnkd.in/eRrGvW9G ?? On Possible Upcoming Tariffs from the US: April 2 – "Fair and Reciprocal Plan" Tariffs Under Review Copper Imports (Section 232, National Security Review) Timber & Lumber Imports (Section 232, National Security Review) Subscribe to the TrueFreight Index for weekly updates: https://lnkd.in/dM8Qxp_Q

?? This development of regarding tariffs on Chinese goods is flying under the wire amidst all the news around Canada and Mexico's tariffs right now but it is quite significant. ?? The Trump administration announced new tariffs set to take effect on?March 4, 2025: ?? Canada: 25% on most imports, except for "energy or energy resources," which face a 10% tariff. The exact scope of "energy resources" is unclear, but it includes crude oil, natural gas, coal, uranium, and critical minerals. ?? Mexico: 25% on all imports, with no reduced rate for energy-related goods. ?? China*: The existing*?10% tariff on all imports?(including from Hong Kong)?will increase to 20%. Key Provisions: ?? Applies to all covered imports from 12:01 a.m. EST, March 4, 2025. ?? No exclusions process?for businesses seeking exemptions. ?? De minimis exemption (low-value imports): Temporarily remains in place after an amendment delayed the suspension until the Commerce Department establishes a tariff collection system. ?? Duty drawback prohibited, meaning businesses cannot reclaim duties on re-exported goods. ?? Foreign Trade Zone (FTZ) impact: Goods entering an FTZ after?February 4, 2025, must retain duty status. ?? Temporary Importation under Bond (TIB)?is allowed in some cases. Legal Basis & Potential Retaliation The tariffs are imposed under?IEEPA (International Emergency Economic Powers Act), a rarely used mechanism for tariffs. Canada, Mexico, and China have indicated?retaliatory measures?may follow. The orders allow for?further tariff hikes?if these countries respond with countermeasures. Tariffs will?remain in effect indefinitely?unless lifted by the president. These measures mark a significant escalation in trade tensions, particularly with?key North American partners and China. ?? Regarding this amendment towards China, for shippers, this means that goods which were entered and paid the initial 10% duty?will now owe the 20% duty?–?effectively a retroactive duty rate increase. Sources are beginning to report?specifically?on this detail. Below is one of the first. Reuters, Bloomberg, CNN and others will start to come out soon, as well. https://lnkd.in/eRubR5CK

A very neat, concise summary of what the state of tariffs is between world governments, when they're taking effect, what products they're affecting and what the percent increases are (via Lars Jensen):

?? Freight Market Update – Week of March 3, 2025 ?? The container shipping market is seeing significant rate drops, particularly on Trans-Pacific lanes. Key takeaways from this week’s discussion: ? Falling Rates: West Coast rates have plummeted from $3,500–$3,600 per container in early February to around $2500. East Coast rates are also down but remain higher at $3,200–$3,300. The decrease coming from weak wait-and-see attitudes from BCOs as well as carriers missing their estimates for te volume of shipments booked and carriers looking to get BCOs booking shipments. ? Weak Demand Post-Chinese New Year: Factories are resuming production, but shipments remain slow. A moderate uptick is expected mid-March as lead times complete. ? Tariff Uncertainty Slows Imports: Shippers/BCOs are in wait-and-see mode right now. The new 10% tariff on Chinese imports is making importers cautious, with many waiting for potential policy shifts before committing to shipments. Some are exploring alternative sourcing from Vietnam, Thailand, and other Southeast Asian nations. ? Future Tariff Concerns: There is speculation that the 10% tariff may increase to 25%, reminiscent of the 2018 trade shifts when manufacturers relocated production to Southeast Asia. ? Upcoming Disruptions: The next shipping slowdown will be around May 1st (May Day), a public holiday across Asia, though its impact will be less significant than Chinese New Year. As importers and shippers navigate these shifts, all eyes are on carrier rate adjustments, tariff policies, and emerging alternative trade routes. Subscribe to the TrueFreight Index for weekly updates:?https://lnkd.in/dM8Qxp_Q

?? ??? Today, we're proud to introduce the TrueFreight Index (TFX), the first of Freight Right's proprietary indicies geared towards providing shippers, researchers and analysts a benchmark for global shipping rates and activity. ?? ??? The index: ?? Is free to use and users can subscribe for weekly updates in addition to market updates. ?? Is interactive. Users can filter and sort to see year-over-year, month-by-month rates by Origin, Destination, Trade Lane and Container Size. ?? Captures real-time market fluctuations with precision. ?? Aggregates pricing from logistics providers, including freight forwarders. ?? Uses median spot rates for key trade routes; structured methodology fills data gaps. ?? Works with a Volume-Weighted Calculation. In other words, major trade routes with high traffic have greater influence on the benchmark value. ?? Automatically eliminates biases. TFX Ensures objectivity and consistency in rate determination. Freight Right's data team regularly is refining quality control, backtesting, and industry-aligned updates keep the index reliable. Check out the index & subscribe for updates: https://lnkd.in/dM8Qxp_Q

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