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Making sense of ocean freight and air freight rate fluctuations

Posted by Mark McAlister on Fri, Jun 04, 2010 @ 05:27 PM
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In trying to make sense of recent sea freight and air cargo rate fluctuations, we've gathered information from several sources and made the following observations:
1) Rates are going up and staying up, not down
2) Space will be an issue probably all year
3) Expect “new” surcharges
IN SHORT: We're all paying for that great 12 months we all had with the lowest freight rates in History between Oct ’08 through Sep ’09. Here's a rate chart showing what we're seeing (as of 29-May-2010) at Universal Cargo Management, Inc.   
CARRIER
EFFECTIVE DATE
2010 PSS
Remark
APL
2010.8.1
320
400
450
505
from China to USA (except Puerto Rico and Virgin Islands)
CMA
2010.6.15
320
400
450
510
from Asia to USA/Canada (East & West Coast, IPI, MLB) - cargo receipt date at origin
Cosco
2010.6.15
320
400
450
506
from Far East and Indian Sub-Continent to USA/Canada
CSAV
2010.6.15
320
400
450
　
from Asia to USA
CSCL
2010.6.1 ~ 2010.11.30
320
400
450
505
from Far East, Middle East and Indian Subcontinent countries/areas to USA
EMC
2010.6.15
320
400
450
506
from Far East (except India)/S.Africa to USA/Canada
2010.6.15
360
450
506
570
from India to USA/Canada
Hapag
2010.6.28
320
400
450
510
from Asia and Indian Sub-Continent to USA/Canada, except India - date of cargo receipt at origin
2010.6.28
300
375
425
n/a
from India to USA/Canada - date of cargo receipt at origin
Maersk
2010.6.15
320
400
450
510
from Far East Asia to USA/Canada (Transpacific Eastbound)
Matson
2010.6.16
320
400
450
506
Transpacific Eastbound (excluding Hawaii, Guam)
MOL (PSC)
2010.6.15 ~ 2011.3.31
400
500
565
635
from Asia to USA/Canada
MSC
2010.6.15
320
400
450
　
to USEC and US intermodal points via USEC
2010.6.15
400
500
563
　
to USWC and US intermodal points via USWC
OOCL
2010.6.15 ~ 2010.11.30
320
400
450
505
to USA/Canada - base on cargo receiving date
Wanhai
2010.6.15 ~ 2010.11.30
320
400
450
510
to USWC
 
BOTTOM LINE: At Universal Cargo Management, Inc., we advise our clients to make reservations early if possible and structure your contracts carefully making certain thatall fees are clearly declared in order to prevent unpleasant surprises.
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Comments

The Canadian General Freight Index represents general truck transportation, and excludes bulk, liquid and other specialty transportation services. 
 
Posted @ Thursday, August 19, 2010 3:27 AM by Canadian Freight
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