Freight Market Update – July
Check out this month’s air cargo trends and insights presented by Judah Levine.
Webinar
In this month’s webinar, Judah Levine, Freightos’ Head of Research, is joined by SVP of Data Anton Barr to explore what’s next for global freight – and how smarter data is helping the industry keep up.
From tariff extensions and peak season whiplash to brand-new tools for tracking demand in real time, here’s what’s shaping global freight in July.
Highlights from This Month’s Update:
- Tariff Deadlines, Extensions & Uncertainty
The U.S. extended its tariff pause to August 1. Meanwhile, China negotiations drag on, and new threats loom, including 200% tariffs on pharma and 50% on copper.
- Air Cargo: Mixed Signals Amid De Minimis Fallout
May saw transpacific volumes drop 11% after the U.S. ended de minimis for China. But global air cargo remains resilient thanks to growth on other lanes. E-commerce is pivoting, freighter capacity is shifting, and rates remain stable – even as platforms eye markets beyond the U.S.
- Europe Feels the Ripple
Asia–Europe lanes are facing capacity shifts, missed GRIs, and congested hubs like Rotterdam and Hamburg. Even with Red Sea disruptions ongoing, rates aren’t spiking like they did in 2023 – clear evidence that growing global fleet capacity is exerting downward pressure.
- New from Freightos Terminal: FX Pulse
Anton Barr introduced FX Pulse, a new index suite tracking air cargo demand, supply, bookings, and tonnage in near real time. Designed for forwarders and carriers, it helps users anticipate market shifts before they hit pricing.
