Freight Market News | June 2024

June 19, 2024

Latest Freight Market News

The latest international freight market updates are available now to download in PDF format. If you have any queries about the current market situation, please don't hesitate to get in touch with a member of the Crane Worldwide Logistics teams. At Crane Worldwide Logistics, we have logistics experts worldwide to support you with your business, reach out here

  • Crane Worldwide Logistics has a global presence, with warehousing and distribution available to support your international requirements, check out our global locations here
  • Southern California is a core hub for inbound shipments into the United States, did you know we have warehouse space available, for more information - click here
  • Don't forget you can listen in to all the latest market updates on our "Coffee with Crane" podcast available on your favorite podcast player or online here.

Air Freight News

  • The air cargo sector has experienced five consecutive months of double-digit demand growth, with an 11.1% year-on-year (YoY) increase. (right chart)
  • Global international traffic also rose by 11.6%, supported by all regions and major trade lanes. Airlines from Asia Pacific and Europe saw the highest growth rates, ending the Middle Eastern carriers' seven-month streak of leading regional annual expansions

Download Air Freight Update

Ocean Freight News

  • Trans-Pacific container lines have seized on early signs of peak season demand by implementing seasonal surcharges ahead of schedule, significantly higher than usual. 
  •  Shippers and forwarders on the Trans-Atlantic trade are facing the possibility of strike action at ports along the US East and Gulf coasts this fall following the breakdown of contract talks this week.

Download Ocean Freight Update

Ground Freight News

  •  Over the last 30 days, contract TL rates fell 1% month over month and are down ~6% year over year as they continue to narrow the spread towards spot market rates.

Download Ground Freight Update


Get in touch with your local Crane Worldwide Logistics representative or reach out HERE if you would like to discuss your upcoming shipment requirements in 2024. We are here to help!

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