Ocean Freight Update
Asia to USA/Canada
Demand has softened significantly
Space is available, tighter in some regions. Blank Sailings are expected
Congestion still at major US points like LA/LGB (2wk Dwell)
Trucking and intermodal still tight from rail ramps in Midwest
Rates continue to decline from most regions
China still under Zero Tolerance Covid Restrictions
Forecast/Bookings recommended 14 day advance notice prior to Cargo Ready Date
SSL Routings continue to adjust to account for lower demand
Europe to USA/Canada
Demand is declining slowly
Space availability remains tight, especially to USEC
USWC/USEC Congestion is improving
Equipment still major issue at EU origin points, specifically from the Mediterranean
Delays due to origin port and transship port congestion has improved slightly
Forecast/Bookings highly recommended 21-28 day advance notice prior to Cargo Ready Date
Rates are seeing slight decline but not at pace of other lanes
India to USA/Canada
Space and equipment is improved
Rollovers/delays are minimal
ICD points still lack equipment and are experiencing delays
Forecast/Bookings recommended 30-40 day advance notice from Cargo Ready Date
Rates are declining slowly
To discuss your cargo or solutions on particular lanes, please contact your South East World Wide, Ltd. Sales Representative.