Industry News

Freight Rate Update: September 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)

 

  • Space is still very tight with vessels sailing at capacity. We encourage customers to book as least 2 weeks in advance. Rates are stable at the moment, but increases may be implemented if capacity remains tight.

 

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)

 

  • Throughout August space was available and market rates continued to drop.  As well, planned peak season surcharges (PSS) were cancelled by the steamship lines.
  • At the beginning of September we are seeing rate increases stick for the moment.  The increases are averaging about $ 300 per container.
  • We expect space to be a bit tight in September due to the upcoming Golden Week holiday in China at the beginning of October.  So a mini-peak season.
  • At the moment, rates are expected to drop after the Golden Week holiday as steamship lines are anticipating excess capacity and somewhat weak demand.
  • M.E. Dey 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 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.


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.

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