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Freight Market Update – May 2025

Freight Market Update – May 2025

The ocean freight market has flipped from oversupply to a severe capacity crunch as Transpacific demand surges. With bookings up over 50% and new GRIs taking effect June 1, rates are climbing fast. A massive backlog in China, early peak season, and port congestion risks are creating major challenges for importers. This May 2025 update covers everything you need to know, including new carrier services, premium rate trends, and planning tips ahead of the August tariff deadline.

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