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Ocean container rates were particularly high during 2022, but towards the latter half of the year started to fall, as the market experience a significant oversupply of capacity, while airfreight volumes dipped for a ninth consecutive month in December.
As capacity tightens ahead of Chinese New Year, we expect the normal slack period of freight demand after the holiday, which falls on the 22nd January, to last until May, which means that the risk of even more blanked
The air freight market benefited from massive modal-shift volumes over the last two years, as ocean carriers struggled to maintain schedule integrity in the face of endemic disruption, but those shippers are moving back to ocean as congestion eases and
Market fundamentals have been changing rapidly and the costs of transporting goods out of China and many other critical sourcing regions continues to sink amid a sharp slowdown in western economies. Air freight rates continue to soften, with ocean rates
Tensions across the Taiwan Strait are not good news for global supply chains, but after a difficult 18 months recent data suggest supply chains may be returning to relative calm. The global supply chain pressure index, is down 57% from its
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