Air cargo’s peak season is getting underway, with rates increasing from an e-commerce-elevated floor. Ocean rates out of Asia have fallen significantly from their peak season highs, but still remain well above normal levels as Red Sea diversions continue to absorb capacity. And with an early Lunar New Year approaching, a renewed ILA strike looming and possible freight ramifications from US election results, the ocean freight market continues to face significant uncertainty.Â
In this month’s webinar, Judah Levine, Freightos’ Head of Research, presented the latest trends in the international ocean and air freight markets, and was joined by Jason Miller, professor of Supply Chain Management at MSU’s Broad College of Business, who shared insights on these trends and projections for the rest of the year and into 2025.
