Industry News

Freight Rate Update: April 2019

Ronald Vincent | M.E. Dey & Co.

Here is the latest update on current freight rates for both Import and Export cargo. M.E. Dey provides the best possible rates available to our clients by reviewing various carrier options. We’ll keep you advised and informed as trade updates are announced.

 

Mexico to U.S. Border Shipments

  • With the recent shifting of CBP manpower at the southern U.S. border, shipments destined to the U.S. via truck are experiencing delays.
  • M.E. Dey provides air, truck and ocean freight services from Mexico to the U.S.
  • If you would like to explore alternative shipping methods and pricing for your shipments from Mexico, please contact [email protected]


Trans-Atlantic Westbound (Import)

  • Rates remain stable, but we continue to see issues with low water affecting inland movements via barge.
  • Congestion at APM Terminal in NY/NJ has eased, but we are still avoiding routing via this terminal whenever possible.


Trans-Atlantic Eastbound (Export)

  • Rates remain stable. Equipment remains tight on many lanes as export volumes continue to increase.
  • We encourage customers to book at least a week in advance.
  • We are avoiding routing via APM Terminal in NY/NJ due to the terrible congestion at this terminal.


Trans-Pacific Westbound (Export)

  • Rates remain stable. Equipment remains tight on many lanes as export volumes continue to increase.
  • With some carriers, we are having to book 2 weeks in advance.

 

Trans-Pacific Eastbound (Import)

  • In March spot rates did decrease, but that ended April 1st. We have seen an average increase of $ 350 per 40’ as of April 1st.
  • We are hearing that while demand is not strong, carriers have ‘blanked’ many sailings to control space and keep rates elevated.
  • As well, as most TPEB contracts expire April 30th we are currently negotiating new contracts. While pricing is not finalized, market indicators point to rates being about $ 300 per container higher than last year.

 

US Domestic

  • Truck power remains in high demand in many U.S. markets. Chicago continues to see very tight capacity.

 

M.E. Dey and Co. monitors the spot rate market daily. We work to find the best rate and service combination for our customers and pass our savings onto our customers. We also provide fixed rate contracts in addition to standard market rates. Contact us to talk with a representative or request a quote to get started.

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