Industry News

SUMMARY

Air Freight: The BAI00 global air freight benchmark gained +2.8% week-over-week as of June 1 and remains +32.7% year-on-year, driven by the Strait of Hormuz closure diverting cargo to air and early peak-season pull-forward from Asia.

Ocean Freight: The Drewry World Container Index rose 3% to $2,800/40ft as of May 28, with Transpacific (Shanghai-NY +6%) and Asia-Europe (Shanghai-Genoa +4%) leading gains; peak season demand is arriving earlier than usual, driven by a July 1 bunker adjustment deadline.

Trucking: North American spot trucking rates are firming: dry van at $2.68/mile, reefer at $3.12/mile, and flatbed at $3.60/mile; the van load-to-truck ratio surged to 12.92 from 7.2 in April, signaling a tightening capacity environment.

SUMMARY

Air Freight: Global air freight rates extended gains for a third consecutive week, with the BAI Index up roughly 6% YoY. Asia‑outbound corridors led the climb — Hong Kong (BAI30) rose +5.4% WoW and Shanghai (BAI80) +0.8% WoW — while Frankfurt softened.

Ocean Freight: Drewry's World Container Index slipped 1% to $2,216/40ft, its third straight weekly decline, but Transpacific eastbound rates ticked up 2% to the West Coast and 10% to the East Coast as Strait of Hormuz disruption pushes premiums higher.

Trucking: DAT spot rates climbed across all three modes for the week ending May 2 — dry van $2.37/mi, reefer $2.72/mi, flatbed $3.05/mi — with the dry van load‑to‑truck ratio up 21% WoW to 8.68 ahead of CVSA International Roadcheck (May 12‑14).