Industry News

Freight Rate Update: June 2021

 

Air Freight – From Asia to the U.S. we are seeing rates increase again. The lack of ocean space and some new product launches by importers have increased the demand for air freight. Space has tightened and with this rates have increased 10-40% on some lanes.

Ocean Freight – Rates from Europe are also starting to increase as ocean freight space from Europe to the U.S. has tightened dramatically in the past 6 weeks. Space out of Asia continues to be a challenge with both premium and diamond surcharges implemented by the ocean carriers. Bookings are approximately 4-8 weeks out and GRI’s are anticipated.

U.S. East Coast – There is severe congestion inside New Jersey and New York terminals. Savvanah and Norfolk are not as congested.

U.S. West Coast – There is increased dwell times due to rail car shortages, gate capacity restrictions, and limited reservations available.

U.S. Midwest – Chicago rail and terminal delays are at an all-time high. There are continued chassis shortages and extreme congestion. All Chicago rail terminals have limited daily allocations and in-gate reservations. ORD is maxed out and can take several days to simply make freight available at the airport.

We are continuing to monitor all lanes, ports, and services to provide you with the best possible service at the best possible price.


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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