According to the Flexport’s weekly market freight update report on April 26, 2023:
Trends to Watch
- Space is available and schedules are reliable for both modes out of India/Sri Lanka/Bangladesh. Air cargo space is tight into the U.S. and EU for Pakistan with occasional flight delays. Equipment has good availability.
For more details, please visit Flexport’s Ocean Timeliness and Air Timeliness indicator pages.
Expert Voices will return next week, in the meantime we've gotten some feedback asking about port dwell times, so here's the latest N. America Vessel Dwell Times chart.
Upcoming Webinars:
- Flexport Platform Demo Wednesday, May 3 @ 17:00 CEST / 16:00 BST
- Flexport Platform Demo Weds, May 10 @ 12:00 pm PT / 3:00 pm ET
- Freight Market Update Live Thurs, May 11 @ 9:00 am PT / 12:00 pm ET
US Import Gain Means Flexport Sees No Recession for Some Months
The latest forecasts released by Flexport Research show a steady increase in consumption, among other signs that recession isn’t as imminent as previously thought. “A recession may well be on the way, but from the latest data, we’re not seeing it arriving in the next few months,” said Phil Levy, Flexport chief economist. At the same time, the U.S. domestic trucking industry showed the largest decline in tonnage hauled since the beginning of the pandemic, as the truck tonnage index fell 5.4% in March over February.
