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ARTICLE · 01 NOVEMBER 2024

Supply Chain Market Pulse: Rates Stabilize, But Labor Disruptions Keep Supply Chains On Edge

In September, ocean shipping prices continued to normalize across Asia – US and Asia – EMEA lanes, despite the three-day strike by the ILA on the East and Gulf coasts.

GlobalTransport

In September, ocean shipping prices continued to normalize across Asia – US and Asia – EMEA lanes, despite the three-day strike by the ILA on the East and Gulf coasts. This was largely due to importers heavily front-loading volume in anticipation of the strike. Air rates have remained relatively stable, with only a moderate rise. Meanwhile, domestic USA freight demand remained sluggish but has seen a small uptick in rates.

Click here to access this month's full update.

Additional highlights from this month's update:

  • USA Over-the-road carriers are facing pricing pressure but may be near the supply and demand equilibrium, with potential future rate increases
  • Parcel carriers have recently announced rate increases in fuel surcharge and mailing services amidst a soft demand environment

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