The shadow of the strike at the East Coast ports is looming over the shipping industry, leading to an announced increase in container freight rates for shipments scheduled for January 2025. For companies unwilling to accept price increases, they can only wait in line for empty shipping space and new shipping schedules.

The Logistics industry insiders have stated that the Red Sea crisis caused by the tense situation in the Middle East in mid October 2023 has led to a reversal in the supply and demand relationship of the consolidation industry. The global ship supply has shifted from oversupply to supply shortage, resulting in better freight rates in 2024 than expected in 2023. And with the significant increase in market demand in the spring of 2025, coupled with various factors interfering, the market heat seems to continue.