April Market Report

Global freight markets remain under pressure as geopolitical disruption, fuel instability and operational inefficiency continue to reshape supply chains. While the global economy is still growing, momentum is slowing, with weaker trade growth reflecting increasing uncertainty across international markets.

Across freight modes, conditions are being driven less by demand and more by disruption. Congestion, rerouting and constrained refined fuel supply are sustaining elevated costs and reducing operational flexibility. The continued constraints around the Strait of Hormuz are particularly significant, distorting refined fuel flows and creating widening regional price divergence across bunker fuel, jet fuel and diesel markets.

Ocean freight markets remain fragmented, airfreight is increasingly influenced by jet fuel availability, and road freight operators continue to face mounting cost pressure. At the same time, businesses are holding higher inventory levels and placing greater emphasis on resilience, visibility and integrated logistics solutions.

Download the full report for detailed analysis of ocean, air, road and contract logistics markets, including key trends, cost drivers and what they mean for shippers.