Tonnages Hold Steady, Rates Climb

Global tonnages stable in week 47, with rates rising +2% to $2.79, the highest in 2024.

Spot Rates Drive Growth

North America spot rates soar +12% WoW to $2.04; Europe up +8% to $2.90.

Year-on-Year Gains

Global rates +10% YoY, led by spot rates (+22%) and contract rates (+8%).

Regional Trends in Focus

Asia Pacific and Middle East rates surge YoY, while North America lags behind 2023 levels.

Thanksgiving Boost for Tonnages

North America sees +22% YoY tonnage growth, driven by holiday timing shift.

Capacity Shift Impacts Trade Lanes

Transatlantic capacity drops -3% YoY, while Asia Pacific to North America grows +7%.

E-Commerce Fuels Demand

Increased Asia Pacific capacity linked to surging e-commerce shipments to Europe and North America.