Freight Market Update: September 15, 2022

Ocean freight market update

China – North America

• Rate changes: The freight rate decreased for the first half of September.
• Market changes: The port congestion in North America showed a sign of improvement in late August. However, U.S. importers seeking relief from bottlenecks at West Coast gateways are triggering new spikes at East Coast and Gulf Coast ports. Despite some struggle, gateways in North America in general are sufficient to support imports.

China – European

• Rate changes:  The freight rate decreased for the first half of September.
• Market changes:  Due to strikes and port congestion in some European ports, a large number of ocean freight services shipping to Europe were cancelled in September, and the market tends to be uncertain.

Air freight/express market update

China – North America

• Rate changes: For the first half of September, the freight rate of Freight via JL (Economy) decreased. The freight rate of Express via JY (Premium) has dropped significantly in Canada and Mexico.
• Recommendation: During the Super September promotional event of Alibaba.com, the “20-day delivery to the US” service as a special On-time Delivery Guarantee benefit, only applies to buyers in the United States who are shipping via select logistics services, including Air Charter Express (US), Worldwide Express via DW (Premium), Worldwide Express (Beauty), Air Express (US), FedEx IP, HK DHL, HK UPS Saver, UPS Saver, etc. If products are not delivered within 20 days, buyers can claim a coupon worth 10% of the order amount, for a maximum of US $100. View more at US 20-day delivery.

China – Europe

• Rate changes: For the first half of September, the freight rate of Express via JY (Premium) has dropped significantly in most European countries and regions.

Disclaimer: All information and views in this post are provided for reference purposes only and do not constitute any investment or purchase advice. The information quoted in this report is from public market documents and may be subject to change. Alibaba.com makes no warranties or guarantees for the accuracy or integrity of the information above.