Market Updates

For this week’s logistics market update, global air and ocean capacity is easing, typhoons continue to disrupt Shanghai and Ningbo, a deadly Red Sea attack has raised concerns over Suez routing, and Union Pacific has raised California intermodal surcharges.

For this week’s logistics market update, transpacific rates aren’t falling the way the market had initially anticipated, India-US ocean space is still difficult to secure, Long Beach’s rail backlog is easing but not completely gone, and CBP has now cleared over $128 billion in IEEPA refund activity through CAPE.

Keep reading to find out the latest details!

For this week’s logistics market update, ocean and air capacity out of the Indian Subcontinent remains tight as export demand continues to surge, European port congestion is limiting throughput at major North Sea gateways, a new transpacific GRI is set to take effect August 1st, and a major North American rail agreement could reshape Chicago-area intermodal routing for the future.

Read on for the full scoop, including the latest Section 301 tariff update!

For this week’s logistics market update, air and ocean capacity out of the Indian Subcontinent remains tight as export demand continues to surge, Chinese and Asian port congestion continues to worsen following the typhoons, and airlines have pushed back their planned return to the Middle East after the collapse of the US-Iran ceasefire. Read on to get the full scoop regarding the latest CBP tariff refund updates as well.

For this week’s logistics market update, Transpacific ocean rates are showing early signs of easing after carriers withdrew planned July rate increases, while port congestion across China and Asia has climbed to levels not seen since 2022. Ocean carriers are tightening booking requirements and space availability out of India, and air cargo capacity out of Asia remains constrained by strong AI data center-related equipment demand.

For this week’s transpacific logistics market update, as we move into the second week of July, ocean carriers have followed through on the expected rate increases that were announced in June, and spot pricing has continued to climb on both the West Coast and East Coast lanes. Carriers are now adding additional peak season surcharges for mid-July, meaning rates are not expected to ease anytime soon. 

For this week’s transpacific logistics market update, as we close out June, ocean carriers appear to be adding another rate increase across Transpacific routes, come July 1st. This is following the full implementation of the June 1 General Rate Increase (GRI) and Peak Season Surcharge (PSS) of $1,000 per 40-foot container, carriers introduced an additional $1,500 per 40-foot increase effective June 15.

For this week’s transpacific logistics market update, the 2026 peak shipping season has arrived earlier than expected, bringing a sharp surge in demand across Transpacific and global trade lanes. U.S. importers are accelerating shipments in response to rising fuel costs, supplier price increases, and ongoing tariff uncertainty—placing significant strain on vessel capacity and driving rates upward. With space now extremely limited on key routes and carriers implementing additional surcharges, shippers are navigating one of the tightest early-summer markets in recent years.

For this week’s logistics market update, the global ocean freight market is entering an unusually early peak season as importers move aggressively to secure space ahead of anticipated cost increases and ongoing supply chain uncertainty. Rising bunker fuel costs tied to Middle East disruptions, combined with accelerated e-commerce demand and earlier retail shipping timelines, are creating tightening capacity and upward pressure on rates across the Transpacific trade. In this update, we break down the key market drivers, current conditions impacting both the Transpacific and India–U.S. trade lanes, and several strategies customers should consider to help navigate the weeks ahead.

For this week’s logistics market update, the transpacific market is climbing. Container spot rates on the Transpacific trade continued climbing sharply this week, posting double-digit increases once again. Compared to late February — before the Middle East conflict escalated — average spot rates from the Far East to the U.S. have now increased more than 80%. What’s surprising many importers is that the market is behaving like a traditional peak season — despite softer demand earlier this year and relatively quiet Chinese New Year volumes. While this surge may not last long-term, several factors are continuing to support upward pressure on rates heading into June.