Peak Season Forecast

Peak Season Forecast

Steady increases in vessel capacity amid lackluster demand may dampen ocean carriers' ability to sustain higher rates during the coming peak season, and the expectations for the intermodal and trucking segments are likewise muted.

Special Coverage

The results of the 2014-15 service contracting season in the eastbound Pacific are in, and from the perspective of ocean carriers, they’re not pretty.

News & Analysis

09 Dec 2014
Freight shipments and spending by shippers dropped slightly in November, but remain at a post-recession high point, according to the latest Cass Freight Index.
Drewry's Hong Kong-Los Angeles Container Rate Benchmark
07 May 2014
The Drewry benchmark rate for shipping from Hong Kong to Los Angeles was flat this week, but the analyst anticipates a short-term boost around the general rate increases planned for mid-May.
30 Apr 2014
Encouraged by growing cargo volumes and relatively high vessel utilization rates, shipping lines in the eastbound Pacific announced their intention to implement a peak-season surcharge of $400 per 40-foot container effective June 15.

Commentary

I’ve been arguing since early this year that international transportation is headed for trouble because of a variety of transportation-specific problems exacerbated by an improving economy that’s driving faster volume growth and pushing capacity to the limit. With half the year over and the peak shipping season about to begin, those concerns are only deepening.