Freight & Shipping Delays
With ongoing pandemic-related delays and closures, non-stop demand for ocean freight from Asia to the US, and a lack of capacity, ocean rates are still very elevated and transit times volatile.
Freight market video update
What’s going on in freight? Join Freightos CMO Ethan Buchman for a deep dive into the container shortage, shipping delays, and freight costs.
Ocean freight rate increases and delays
Despite continued delays at the ports of LA and Long Beach and congestion spreading to other ports, there are indications that Asia-US ocean demand is easing, at least a little.
Asia-US West Coast rates were unchanged this week and are 16% lower than their mid-September peak.
Freight Rates from the Freightos Baltic Index (FBX)
| Lane | Global | Asia-US West Coast | Asia-North Europe | Asia-North Europe | North Europe-US East Coast |
| This Week | $ 10,359 | $17,377 | $20,695 | $14,259 | $7,178 |
| Last Week | 0% | 0% | 0% | -2% | -1% |
| Last Year | 364% | 352% | 342% | 560% | 288% |
* Compared to the corresponding week in 2020