Logistics Market Update – Transpacific Ocean Rates Trend & Market Information
For the transpacific ocean rate logistics market update, the anticipated spot market slide has paused this week. Current rate levels are now sitting close to and in some cases below carrier break-even points across U.S. and Canada lanes. In response, carriers have begun aggressively pulling capacity from the market. Blank sailings increased starting Week 07 and are expected to peak in Week 09. We expect to see capacity reductions of 50% – 60% depending on the trade lane.
Space & Rolling Situation
Capacity cuts are creating significant rolling issues. Carriers limited amount of the space released around Chinese New Year is causing containers to be rolled, and in some cases, double-rolled. Conditions should gradually ease over the next few weeks as factories in China complete February orders and begin CNY shutdowns, which will temporarily reduce export volumes.
U.S. Import Trends
China-Origin Imports (January 2026)
+9.3% vs. December 2025
-22.7% year-over-year
Imports remain heavily concentrated in consumer goods and industrial inputs such as Furniture & bedding, plastics, machinery & electrical machinery, Apparel & textiles, and toys & sporting goods.
Southeast Asia Growth Continues
When comparing year over year volumes moving into the U.S., Southeast Asia continues to show large and steady growth.
Vietnam: +17.8% YoY
Thailand: +36.5% YoY
Indonesia: +18% YoY
While sourcing diversification continues, it has not been enough to offset the overall contraction in U.S. containerized imports, which are down 6.8% year-over-year.
Ocean Freight Benchmarks (February 2026)
After multiple weeks of rate drops, the slide seems to have halted for now. As such, there have been no significant decreases since last week.
Far East → US West Coast
Market average: $1,900 / 40’
Far East → US East Coast
Market average: $2,600 / 40’
Far East → US Gulf
$2,600 / 40’ (subject to WFG)
Far East → Chicago / IPI
Market: $4,100 – $4300/ 40’
Port Conditions – China & Southeast Asia
Congestion remains a concern at several major Asian origins. Due to the uneven carrier schedules and “bunching” of vessel arrival at origin ports, many China and SE Asia ports are experiencing terminal congestion and vessel berthing delays. Ports are seeing vessel wait times from 2 – 4 days. Shanghai is currently showing 16 vessels at anchor waiting for a berth.
Air Freight Market Update
China–USA Air Market
The market has entered the CNY holiday period beginning Week 07 (Feb 09). Rates are expected to remain stable this week but may face downward pressure over the next two weeks during the holiday lull.
Asia–USA Air Market Highlights
The airport in Shenzhen is showing slight pickup while Hong Kong remains soft with no pre-CNY peak observed. Air carriers looking for last minute bookings before CNY are offering special rates between Feb 18 and 23. Some airlines are reducing rates by as much as $1.00/kg reduction
Southeast Asia–USA Market Highlights
Demand driven by high-tech, e-commerce, garments, and electronics, countries like Singapore, Thailand, Vietnam and Indonesia continue to see robust air volumes moving to both the U.S. and European markets.
U.S. Tariffs Update
The U.S. importing community is still waiting for the U.S. Supreme Court to decide on whether or not the current IEEPA tariffs are legal. At this time, there have been over 1,400 U.S. companies who have filed protests with US Customs in an effort to recoup their tariff payments should the court rule in their favor. There has been no update on when a decision will be announced.
For rate guidance, space protection, or shipment planning support, please contact LogiWorld Corporation to provide you with quality service and information!
