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

Port of Long Beach stacktrains
14 Jul 2014
Six months after the most disruptive winter for North American supply chain interests in recent memory, the upcoming summer-fall period is shaping up as the intermodal peak season of shipper discontent.
Drewry Container Rate Benchmark, July 24, 2013. Source: Drewry
24 Jul 2013
Average eastbound spot rates on the trans-Pacific resumed their slide this week following the 21.8 percent increase that resulted from the July 1 general rate increase.
19 Jul 2013
Major container lines have announced rate increases for several trade lanes, as detailed below, slated to take effect in August...
17 Jul 2013
The U.S. economic recovery has not brought as much container volume growth as expected, according to an Asian transportation report by Jeffries, a global investment banking firm.
Drewry Container Rate Benchmark, July 17, 2013. Source: Drewry
17 Jul 2013
Drewry’s Hong Kong-Los Angeles Container Rate Benchmark remained unchanged in the week of July 17, according to the latest release of the Drewry Hong Kong-Los Angeles Container Rate Benchmark. In the previous weeks it had fully achieved a $400 per 40-foot container general rate increase set for July 1, but lost half of those gains last week.

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Commentary

2012’s container shipping rally produced rising freight rates that brought liner operators back to profitability. But with the market at another ebb, liner companies collectively must keep a cool head and resist the temptation to engage in a price war that would jeopardize a sustainable recovery.