The declining trend of global freight demand remains unchanged. It is understood that the freight volume of LB Port in the United States accelerated to decline in October, mainly due to the reduction of consumer demand and the transfer of goods to the ports on the east coast of the United States.

From last year to the beginning of this year, the LA/LB port has experienced unprecedented congestion. At the same time, the labor negotiations on the West Coast of the United States were not so smooth, which also affected the choice of shippers.

According to data, Long Beach Port has transported 658428TEU of goods, down 16.6% from October 2021. In addition to the year-on-year decline, the port experienced a significant slowdown compared with 741823 TEUs in September.

Last month, the port's import containers fell the most, down nearly a quarter compared with last year, and the import volume was the lowest since April 2020. Compared with September, exports also fell by 2% year on year.

As one of the biggest problems of the port, the blank navigation decreased by 13.4% in October. Nevertheless, the container volume of Long Beach Port in the first 10 months of this year still increased by 1.5%, reaching 8000811 TEUs.

Despite soaring inflation and interest rates, economists predict that weak consumer activity will lead to a better balance between supply and demand and reduce the pressure on the national supply chain.

At the same time, a new report by sea intelligence, a shipping agency, shows that the number of blank voyages across the Pacific Ocean is increasing rapidly. The figure below shows the additional blank sailing data announced by the shipping company during the 42-52 cycle.

Alab Murphy, CEO of Sea Intelligence, said: "This reflects that operators are hesitant about how to deal with the potential peak before the Spring Festival. In terms of whether there will be a seasonal demand peak, this seems more like a wait-and-see attitude."

On the other hand, there is no similar trend on the Asia Europe route. Asia Northern Europe only added 6 flights, while Asia Mediterranean added 4 flights.