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How Long Will this Downward Pressure on Freight Rates Last?

After a couple years of out of control, skyrocketing freight rates, ocean freight pricing finally came tumbling down. Freight rates have gone from peaks, including cargo routes getting carriers [...]

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Ocean Imports Drop, Trucking Jobs Plummet, Air Freight Peak Season Disappears

Imports for the end of the year were already expected to decline, but at the end of last week the expected decline for October basically doubled. November and December's expected decline [...]

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What’s Actually Happening with Freight Rates Right Now

In the last blog, we looked at how – with the slowing economy – retailers and shippers are decreasing their imports and expected to keep doing so in 2023. As discussed, that should mean [...]

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Ports Get Congestion Relief But It May Be Only Momentary

U.S. ports are finally getting a period of time to recover from the unyielding demand and congestion that has plagued them since 2020. However, there are a few things that could make the relief [...]