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Freightos Global Freight Outlook – March 2024

Ocean rates have started falling as the initial urgency from Red Sea diversions has passed, LNY is behind us, and operations stabilize. But concerns over East Coast labor disruptions could mean an early peak, and overcapacity looms. Air cargo has seen some bump from a Red Sea-driven shift to air, but, overall, seasonality has returned. 

In this concise, data-driven video update, Judah Levine, Freightos’ Head of Research, shares insights on the current trends and provides the latest data on ocean and air rates, capacity changes, and demand levels and projections.

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