NEWS DETAILS

Date: 16/05/2025

Freight rates seen surging during US, China tariff pause

Freight rates are projected to rise sharply in the coming weeks as importers rush to capitalise on this window of opportunity. The increases are expected to begin with ocean freight rates in the near term, followed by domestic trucking rates in July and August. This surge stems from importers addressing existing backlogs and expediting new orders before potential policy changes at the end of the 90 days. This pattern echoes transportation capacity challenges observed in late 2021 and early 2022, as carriers seek to maximise pricing power during an anticipated surge in shipments. This abrupt shift in trade policy is likely to create significant logistical challenges. Companies may struggle to secure containers in China and access truck or intermodal chassis capacity in the United States. Transportation capacity and infrastructure could be strained by the surge in shipping volume, said a report.
 
Source: Exim News Service: Los Angeles, May 15