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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).
Source: The Washington Post
A National Transportation Safety Board (NTSB) preliminary report provides the first detailed examination of what went wrong as the cargo ship, Dali, lost power, veered off course and slammed into the Francis Scott Key Bridge in Baltimore, MD last March. It lays out a comprehensive timeline of the events leading up to and immediately after the crash, describing in technical terms a rapid-fire series of problems before the Dali struck the bridge.
World Maritime Day, observed each year on the last Thursday of September, was established by the United Nations in 1978. It is meant to raise awareness about the importance of the global shipping industry and the vital contribution it makes worldwide. As an Ocean freight forwarder, BTX Global Logistics honors this day and supports the efforts of the International Marine Organization (IMO) to provide safe, efficient, and sustainable growth in the maritime shipping sector.
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