Freight
Freight
Price movements (monthly)
Sea Freight
The shipping 40ft container composite decreased by 13%m-o-m and 57% y-o-y to $2,286 per unit in August. The decline in freight rates is explained by the fact that a significant portion of cargo was shipped in advance in July to avoid the August tariff deadlines, after which volumes fell sharply. Additional pressure is being exerted by the growth in container capacity, which has exacerbated the problem of global overcapacity. As a result, carriers have been unable to maintain prices, and rates on key routes continue to fall.
US Freight
In July, the average price of North America Truckload Linehaul Index decreased by 0.6% m-o-m and rose by 2.4% y-o-y to 140.80/Index.
There were fewer carriers than the market needed, and some of the transport capacity remained limited. At the same time, the total volume of transport decreased, but the share of more expensive full truckload (FTL) shipments increased, which pushed the index up. As a result, even with weak demand, tariffs did not fall but showed growth.
EU Freight
In July, the average price of European Road Freight increased by 0.2% M-O-M and rose by 2.4% Y-O-Y to 128.47 Index. Moderate recovery in demand amid stabilization of economic activity in the region continues to drive up logistics prices. In addition, improvements in the contract market have offset the decline in spot rates.
Freight
Price forecast
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