Freight market report; July 2023

Market update

Blank sailings in June were lower than previous months, but most container shipping lines are now looking to implement further blank sailings in July to support rates, which will affect transit times and cause delays. 

Airfreight rate softening between May and June is not unusual and prices tend to fall incrementally during the summer, but it remains to be seen if they will pick up again in September ahead of the summer peak season. 

The latest data shows that year-on-year haulage and courier prices remain stable, despite inflation pushing prices up elsewhere, though this stability may be short- lived as the HGV levy is reintroduced and staff shortages become a concern. 

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