Market Update

Market Update: October 12, 2017

Recent news and updates related to the ocean and air freight market for the week of October 12, 2017.

Ready to Get Started?

Flexport makes shipping your cargo transparent, reliable, and affordable

Want to receive our weekly Market Update via email? Subscribe here!

Ocean Freight Market Updates

Blank sailings this week . . .

Carriers announced many blank sailings this week (as is typical during and after Golden Week).

** . . . will lead to high demand next week**

Normal schedules will resume next week, with increased demand after 2 weeks of blank sailings; this will likely result in some cargo being rolled.

Air Freight Market Updates

The peak before the super-peak

Air rates are high, and capacity is tight. We’re in peak season, but rates will go up further -- there will be a “super-peak” in November, with higher rates and even tighter capacity.

Another fuel surcharge increase for cargo out of Hong Kong

Air carriers have announced another fuel surcharge increase for cargo ex-Hong Kong. Beginning November 1, the fuel surcharge will be $0.16/kg, up from $0.09/kg. This increase, as set out by the Hong Kong Civil Aviation Department, corresponds with the rising price of oil.

Other Freight Market Updates

Amazon holiday cutoff dates

Amazon announced its inventory cutoff dates for Black Friday, Cyber Monday, and Christmas:

  • Black Friday and Cyber Monday: Inventory due by November 7
  • Christmas: Inventory due by December 1

More details are available here.

Share the Article

arrowImagearrowImage

Ready to Get Started?

Sign up for a Flexport account or ask to see our platform in action.

Sign Up for Freight Market Updates

Get weekly insights into all things freight, delivered right to your inbox.

I agree to the storing and processing of my personal data by Flexport as described in the Terms of Service and Privacy Policy.
LEGAL

Customs brokerage services are provided by Flexport’s wholly-owned subsidiary, Flexport Customs LLC, a licensed customs brokerage with a national permit. International ocean freight forwarding services are provided by Flexport International LLC, a licensed Ocean Transportation Intermediary FMC# 025219NF. U.S. trucking services are provided by Flexport International, LLC, a FMCSA licensed property broker USDOT #2594279 and MC #906604-B. All transactions are subject to Flexport’s standard terms and conditions, available at www.flexport.com/terms 沪ICP备16041494号

Copyright © 2020 Flexport Inc.

Terms of Use/Privacy Policy