Ocean freight market update
- Rate changes: The freight rates for most Transpacific Eastbound (TPEB) routes remain low.
- Market changes: The TPEB capacity is abundant for weeks after the Chinese New Year, while demand remains at a low level.
- Rate changes: Affected by low demand, the freight rates are under downward pressure. The overall rate levels in February will be reduced or remain unchanged.
Air freight/express market update
- Rate changes:
Freight via JL (Economy): Increased US-bound base freight rate and decreased Europe-bound base freight rate
Air Charter Express US (Premium): Decreased peak season surcharge
Express via JY (Premium): Freight rates of heavy goods above 40 kgs decreased for the following destinations: US, Puerto Rico, Canada, Mexico, UK
- Market changes: Demand in export to Southeast Asian countries remains low. Export to Vietnam is trending downwards.
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