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Freight Market Update: February 15, 2023


Ocean freight market update

China–North America

  • 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

China–Southeast Asia

  • Market changes: Demand in export to Southeast Asian countries remains low. Export to Vietnam is trending downwards.

Disclaimer: All information and views in this post are provided for reference purposes only and do not constitute any investment or purchase advice. The information quoted in this report is from public market documents and may be subject to change. Alibaba.com makes no warranties or guarantees for the accuracy or integrity of the information above.

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