Industry News

Freight Rate Update: July 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.

The implementation of the most recent China tariffs by the Trump administration has significantly affected Trans Pacific Eastbound (TPEB) rates. See more details below.

 

Trans Atlantic Westbound (import)

 

  • We have seen recent rates increases ranging from $ 100 – $ 300 per container due to a lack of capacity.
  • Space is still very tight with vessels sailing at capacity. We encourage customers to book at least 2 weeks in advance.

 

Trans Atlantic Eastbound (export)

 

  • Rates remain stable. Equipment availability has improved, but some origins/carriers continue to have equipment shortages.
  • We encourage customers to book at least a week in advance.

 

Trans Pacific Westbound (export)

 

  • Rates remain stable. Equipment availability has improved, but some origins/carriers continue to have equipment shortages.
  • With some carriers we are having to book 2 weeks in advance.

 

Trans Pacific Eastbound (import)

 

  • We have seen spot rates remain steady and even fall in June as import volume from China dropped in the first half of the month.
  • In the last week we have seen rates stabilize and carriers announce significant GRIs starting July 1st.
  • Industry sources say that container volume is picking up as importers want to avoid additional tariff increases as well as hopes that a trade agreement between China and the U.S. will come to fruition at the upcoming G20 summit.
  • We continue to monitor the contract and spot rates on a daily basis and book to achieve the best possible pricing and service for our customers.

 

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 Ron or Gustavo.

 

M.E. Dey and Co. monitors the market daily to find competitive rates that pair well with exceptional transportation services. We provide fixed rate contracts in addition to standard market rates. Contact us to talk with a representative or request a quote to get started.

ARCHIVES