Industry News

 

SUMMARY

Air Freight: The Baltic Air Freight Index (BAI00) edged down -0.9% week-over-week through June 12, yet remains elevated with year-on-year gains exceeding +32% on most corridors, driven by ongoing supply chain adjustments following the Strait of Hormuz disruption and sustained demand growth.

Ocean Freight: The Drewry World Container Index (WCI) rose 3% to $3,549/40ft container for the week of June 11, with transpacific rates surging — Shanghai to New York up 7% to $5,870/40ft — as shippers accelerate bookings ahead of anticipated July tariff actions and FIFA World Cup cargo demand.

Trucking: Spot rates softened modestly week-over-week with dry van at $2.74/mile (-$0.01) and reefer at $3.05/mile (-$0.01), while flatbed strengthened to $3.30/mile (+$0.01); load-to-truck ratios remain near historic highs at 12.92 (van) and 87.22 (flatbed).

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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.

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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).

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