January 30 2025, freight market updates, featuring key insights and trends from the US, Turkey, China, and other global regions in cargo and shipping.

January 30, 2025.png

Greetings!Our objective is to make your shipping experience easier by offering you the latest and most informative details and insights regarding the freight market. We aim to provide accurate and relevant content that brings benefits to your business.We highly value your feedback as we continuously strive to improve the quality of our weekly market updates. We value your thoughts on our current content and encourage you to suggest specific topics that you would like us to cover in more depth.We wish to create the most informative newsletter possible. We appreciate your continued readership and subscription, and we thank you for taking the time to provide us with your valuable feedback, which will help us enhance our future performance.

From the Editor’s Desk

<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">On October 3, 2024, a three-day strike at the USEC and USGC ports ended with a tentative wage agreement between the ILA and USMX.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Vessel diversions due to the Suez Canal situation, adverse weather in Asia and Latin America, and an early peak season are causing severe congestion.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">East-to-West Coast cargo diversions and early peak seasons have led to congestion at Los Angeles and Long Beach ports, reducing schedule reliability by 10% year-over-year.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Ships are rerouting via the Cape of Good Hope, adding an average of 14 days to transit times and absorbing 6–9% of global capacity.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The 2M Alliance between MSC and Maersk is set to end in 2025.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Port congestion in Asia, USWC ports, and some USEC ports like Charleston is leading to schedule unreliability and potential blank sailing weeks.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The ceasefire between Israel and Hamas has reduced immediate risks in the Red Sea region.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Carriers remain cautious about resuming Suez Canal transits due to ongoing concerns over safety, higher toll fees, and increased insurance costs.</li></ul>Read on for more in-depth updates.

Key takeaways for the US

Ocean Freight Market Updates

Freight market update - 30 January 2025

January 23 2025, freight market updates, featuring key insights and trends from the US, Turkey, China, and other global regions in cargo and shipping.

January 23, 2025.png

<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">COSCO Shipping has been added to a list of companies linked to the Chinese military by the U.S. Department of Defense.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">U.S. port volumes increased by 10% in September and October compared to the previous year.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Liverpool is no longer a direct call for MSC and is now serviced via transshipment across all alliances.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The Asia-Europe trade absorbed 59% of the global container fleet’s new capacity in 2024.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The ILA and USMX announced a tentative six-year master agreement, successfully averting the strike anticipated for early 2025.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Ocean Network Express (ONE), in collaboration with CMA CGM, COSCO, OOCL, and Evergreen Line, will launch three new transatlantic services in February 2025.</li></ul>Read on for more in-depth updates.

Freight market update - 23 January 2025

January 16 2025, freight market updates, featuring key insights and trends from the US, Turkey, China, and other global regions in cargo and shipping.

January 16, 2025.png

<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">COSCO Shipping has been added to the U.S. Department of Defense's list of companies linked to the Chinese military.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">In the U.S., the market has been exceptionally strong since September, with port volumes increasing by 10% in September and October compared to the previous year.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Announced tariff increases by Donald Trump—10% on existing Chinese tariffs and 25% on Canadian and Mexican goods—threaten to disrupt trans-Pacific trade.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The Asia-Europe trade absorbed 59% of the global container fleet's new capacity in 2024.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The ILA and USMX have announced a tentative six-year master agreement, averting a strike anticipated for early 2025.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Blank sailings are on the rise, with additional blank sailings scheduled for February as carriers prepare for the anticipated demand decrease following Chinese New Year.</li></ul>Read on for more in-depth updates.

Freight market update - 16 January 2025

January 9 2025, freight market updates, featuring key insights and trends from the US, Turkey, China, and other global regions in cargo and shipping.

January 9, 2025.png

<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The U.S. East Coast may face significant disruption in early 2025 due to a potential strike by the International Longshoremen’s Association (ILA) amid unresolved contract negotiations.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">December rate increases have been partially successful, resulting in higher overall levels compared to November.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">MSC plans to launch its standalone East-West network, 'Mustang,' in 2025, connecting key hubs such as Xiamen, Ningbo, Shanghai, Busan, Seattle, Vancouver, and Portland.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">In September, Maersk and HPL introduced an additional TP7/WC5 loop, enhancing service coverage to include Busan, Ningbo, Los Angeles, and Yokohama.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The North America Freight and Logistics market is expected to grow significantly, expanding from US$ 1.5 trillion in 2024 to US$ 2.0 trillion by 2031, representing a CAGR of 4.0%.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">CPP Investments is set to realize approximately US$2.2 billion in net proceeds from its investment in the Goodman North American Partnership (GNAP).</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">A hazardous mix of snow, sleet, and freezing rain in the U.S. moved into the Mid-Atlantic region on Monday.</li></ul>Read on for more in-depth updates.

Freight market update - 9 January 2025

January 2 2025, freight market updates, featuring key insights and trends from the US, Turkey, China, and other global regions in cargo and shipping.

January 2, 2025.png

<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The U.S. East Coast may face significant disruptions in early 2025 due to a potential strike by the International Longshoremen’s Association (ILA) amid unresolved contract negotiations.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Container fleet capacity in the Transpacific (TP) trade has increased by 4.2% year-on-year.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Carriers anticipate a rise in demand in early January with the onset of the traditional peak season, and shippers are advised to confirm bookings early to avoid potential space constraints.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The Portuguese Navy and Turkish defense technology company STM have signed agreements for the construction of two new replenishment vessels.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The Taiwan Strait’s weather is far more hostile than that of the eastern Mediterranean, complicating any efforts to deliver personnel, equipment, and supplies.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The US Department of Defense allocated $230 million for the Trident Pier at Gaza.</li></ul>Read on for more in-depth updates.

Freight market update - 2 January 2025

December 26, 2024, freight market updates, featuring key insights and trends from the US, Turkey, China, and other global regions in cargo and shipping.

December 26, 2024.png

<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The U.S. East Coast could see major disruption in early 2025.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The International Longshoremen’s Association (ILA) signals a likely strike amid unresolved contract negotiations.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Key terminals like Manila and Shanghai's YS1 are grappling with severe congestion, leading to delays of 2-3 days for vessels.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Westport anticipates increased operational pressure with 26-28 vessel calls expected next week, potentially complicating berth management.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Global economic growth in 2024 is projected at 2.7%.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">U.S. growth is forecast at 2.7%, fueled by strong consumer spending.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The Network of the Future for East-West trades, including Asia-to-North America routes, will go live on February 1, 2025.</li></ul>Read on for more in-depth updates.

Freight market update - 26 December 2024

Why Omni-Channel Automation is a Game Changer for Modern Businesses

Freight market update - 10 April 2024

Freight market update - 1 May 2024

Freight market update - 22 May 2024

Freight market update - 12 June 2024

Freight market update - 3 July 2024

Freight market update - 24 July 2024

Freight market update - 7 August 2024

Freight market update - 26 February 2025

Freight market update - 5 March 2025

The Future of D2C Fulfillment: 2025 Trends and Innovations

Advanced Warehousing Solutions for High-Volume Retailers

Freight market update - 12 December 2024

How Effective Inventory Management Can Transform Your Business

Freight market update - 29 August 2024

Freight market update - 12 September 2024

Freight market update - 26 September 2024

How to Successfully Enter the US Market: Essential Logistics Tips for Startups

How to Calculate Ocean Freight Charges: Factors, Formulas, and Real-Life Examples

Omni-Channel Strategies for Growing E-Commerce Businesses

Freight market update - 12 March 2025

Freight market update - 5 February 2025

Freight market update - 12 February 2025

Freight market update - 21 February 2025

Demystifying All-Inclusive Freight Rates: What Shippers Need to Know

Freight market update - 20 March 2025

Freight market update - 25 October 2023

The Ultimate Guide to Freight Rate Optimization in 2025

Freight market update - 26 March 2025

Freight market update - 2 April 2025

Navigating Freight Costs: Proactive Strategies for 2025

How To Better Manage Ocean Freight?

Tariff Turbulence 2.0: Why Agility Is the New Power Play in Global Trade

Freight market update - 17 April 2025

Freight market update - 10 April 2025

Navigating the Future of Freight: Leveraging AI to Transform Logistics in 2025 and Beyond

40 ft Containers in Freight Forwarding

Cheapest Shipping in 2025: Best Rates, Discounts & Smart Strategies

Converting to Cubic Feet: Easy Guide for Logistics Teams (2025)

Freight market update - 27 March 2024

Freight market update - 17 April 2024

Freight market update - 10 January 2024

Freight market update - 07 February 2024

Freight market update - 27 December 2023

Freight market update - 8 May 2024

Freight market update - 29 May 2024

Freight market update - 14 February 2024

Freight market update - 19 June 2024

Freight market update - 10 July 2024

Freight market update - 5 September 2024

Freight market update - 31 July 2024

Freight market update - 14 August 2024

Freight market update - 20 December 2023

Freight market update - 21 August 2024

Freight market update - 19 September 2024

Freight market update - 17 October 2024

 101 Guide to Understanding the U.S. Port Strike and How to Avoid Supply Chain Disruption

Beeontrade Blog

Blogs about trading

Trading Blogs

Beeontrade Blog Page

Blogs

Daily Blogs About Trading