By Richie Lin     Photo：Sander Yigin ，Link：unsplash

Ocean freight FAK rate reference in week 27:
Carriers announced GRI and PSS in July and the following is rate reference in week 27.

• Asia main ports to USAWC USD 7000~9000 per 40GP; to USAEC USD 9500~12000 per 40GP;
• Asia main ports to IPI points of USA is USD 14000~15000 per 40GP;
• Asia main ports to Europe main ports and W. Med USD 9000~10800 per 40GP;
• Asia main ports to WCSA USD 8500~9500 per 40GP; to ECSA USD 8500~9500 per 40GP.

Please note above rate is only for reference, carriers might only give space for higher rate, which will be from USD 11,000~19,500 for different destinations. 

Congestion happening in Chicago ramp have gotten worse because there are too many containers swamp into Chicago from Asia since September 2020. Class I railroad giants such as BNSF and Union Pacific have been struggling to provide enough space and enough chassis for the ever-coming containers. Normally, it takes 3~5 days to pick-up containers from Chicago ramp, but right now it takes over 30 days for a container to be picked up and delivered to buyers. This has seriously exacerbated the cycle of supply chain and increased unforeseen logistics costs. For example, one customer was charged USD 10000 storage charge in Chicago ramp.

The backlog containers stuck at Chicago ramp will become bigger and bigger because the peak season is coming. Every customer is fighting to get their cargo to arrive at USA on time to catch up the buying season of Thanksgiving and Christmas. If customers are worried about their delivery time to final destinations, we suggest using transload plan from gate way like SEA/TIW or LA/LB to move cargo into inland cities such as Chicago, Minneapolis. This will lower the transit time and the logistics cost also maintain the same level as the intermodal arrangement. Don’t put the egg into one basket. Transload is a good solution to overcome the gridlock happening in IPI points. 
 
Airfreight market rate in Week 27:
The airfreight is updated each week to match the market situation. The following market rate for your reference.

• PVG/SZX/HKG/TPE to LAX USD 12.0/kg；
• PVG/SZX/HKG/TPE to ORD USD 12.0/kg；
• PVG/SZX/HKG/TPE to JFK USD 12.0/kg.

Airlines will increase the airfreight little by little to prepare the peak season of Halloween, Thanksgiving and Christmas.