UPS Global Freight Market Update

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Market Update: May 9, 2024

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Freight Market Update

Stay up to date on the latest news in the air and ocean freight industry with our market updates.

This Week's Top Takeaways:

Strong air cargo demand continues with double digit growth being reported by IATA for March, while Xenata’s early numbers show another 11% increase in April.
The number of Panama Canal transits is increasing as drought conditions lessen in the region.
During the recent Mexico presidential debate, nearshoring emerged as a significant topic, with each candidate proposing specific measures to leverage the business interest in Mexico.

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</head> 
<body style="margin-bottom: 0; -webkit-text-size-adjust: 100%; padding-bottom: 0; min-width: 100%; margin-top: 0; margin-right: 0; -ms-text-size-adjust: 100%; margin-left: 0; padding-top: 0; padding-right: 0; padding-left: 0; width: 100%; background-color: #ededed;"> 
<!-- HEADER --> 
<table border="0" bgcolor="#ffffff" cellpadding="0" cellspacing="0" width="600" class="mktoContainer container responsive-table" id="WrapperTable" style="-webkit-text-size-adjust: 100%; -ms-text-size-adjust: 100%; mso-table-lspace: 0pt; mso-table-rspace: 0pt; border-spacing: 0; border-collapse: collapse;margin:20px auto; background-color: #ffffff; padding-bottom: 20px;">
<tr class="mktoModule" id="preHeader2ee2362d-cc85-4169-83a2-b432a3c86e69"> 
<td bgcolor="#FFFFFF" align="center" class="padding-sides" style="padding-top:8px;padding-bottom:6px;"> 
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  <![endif]--> 
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="max-width: 500px;" class="responsive-table"> 
<tbody> 
<tr> 
<td> 
<table width="100%" border="0" cellspacing="0" cellpadding="0"> 
<tbody> 
<tr> 
<td> 
<!-- COPY --> 
<table width="100%" border="0" cellspacing="0" cellpadding="0"> 
<tbody> 
<tr> 
<td align="left" style="padding:0; font-size: 10px; line-height: 18px; font-family: 'UPSBerlingskeSans', Tahoma, Arial, Helvetica, sans-serif; color:#333333; display:table-cell;"> 
<div class="mktoText" id="PRE_Text38697465-d7f7-451b-b77c-9849536b7c99" style="display:table-cell;"> 
<p><span style="font-size: 11px;"><strong>Market Update: May 9, 2024</strong></span></p> 
</div> </td> 
<td align="right" style="display: none;font-size: 0;max-height: 0;line-height: 0;padding: 0;mso-hide: all;text-indent: -1000px;visibility:hidden; padding:0; font-size: 10px; line-height: 18px; font-family: 'UPSBerlingskeSans', Tahoma, Arial, Helvetica, sans-serif; color:#333333;"> 
<div class="mktoText" id="ViewInBrowserText93ea2a85-b128-4eb6-ad3b-702decb73814" style="display: none;font-size: 0;max-height: 0;line-height: 0;padding: 0;mso-hide: all;text-indent: -1000px;visibility:hidden;"> 
<a style="display: none;font-size: 0;max-height: 0;line-height: 0;padding: 0;mso-hide: all;text-indent: -1000px;visibility:hidden; text-decoration: underline; color:#333333" target="_blank" title="Click here" href="https://emailgffsolutions.ups.com/v/NjQ2LUREVi03MDUAAAGS_FAKWYit9jzpItL967XF8AkT4Gq8DSjrdCZDrPhaz42Mwf3n9XugsBQbhBSbrfQs8jEoYXs=">View in browser</a> 
</div> </td> 
</tr> 
</tbody> 
</table> </td> 
</tr> 
</tbody> 
</table> </td> 
</tr> 
</tbody> 
</table> 
<!--[if (gte mso 9)|(IE)]>
  </td>
  </tr>
  </table>
  <![endif]--> </td> 
</tr>
<tr class="mktoModule" id="gffLogo9d34235a-56da-44ea-bff3-c67733af786c"> 
<td bgcolor="#ffffff" align="center" style="padding-top:30px; padding-bottom:30px;"> 
<!--[if (gte mso 9)|(IE)]>
  <table align="center" border="0" cellspacing="0" cellpadding="0" width="600">
  <tr>
  <td align="center" valign="top" width="600"  style="padding-top:30px; padding-bottom:30px;">
  <![endif]--> 
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="max-width: 600px;" class="wrapper"> 
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<p style="text-align: center;">Stay up to date on the latest news in the air and ocean freight industry with our market updates.</p> 
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<p style="text-align: center;"><span style="color: #000000; font-size: 20px;"><strong>This Week's Top Takeaways:</strong></span></p> 
<ul> 
<li><span style="color: #000000;">Strong air cargo demand continues with double digit growth being reported by IATA for March, while Xenata’s early numbers show another 11% increase in April.</span></li> 
<li><span style="color: #000000;">The number of Panama Canal transits is increasing as drought conditions lessen in the region.</span></li> 
<li><span style="color: #000000;">During the recent Mexico presidential debate, nearshoring emerged as a significant topic, with each candidate proposing specific measures to leverage the business interest in Mexico.</span></li> 
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Market Update: May 9, 2024
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Freight Market Update
Stay up to date on the latest news in the air and ocean freight industry with our market updates.
This Week's Top Takeaways:

- Strong air cargo demand continues with double digit growth being reported by IATA for March, while Xenata’s early numbers show another 11% increase in April.
- The number of Panama Canal transits is increasing as drought conditions lessen in the region.
- During the recent Mexico presidential debate, nearshoring emerged as a significant topic, with each candidate proposing specific measures to leverage the business interest in Mexico.
Read Full Market Update
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This is a marketing message from UPS Supply Chain Solutions, Inc.
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This is a marketing email for UPS services. You can update your email preferences or unsubscribe from UPS marketing email at any time. For information on UPS's privacy practices refer to the UPS Privacy Notice .

*Note: You may continue to receive certain emails from UPS Supply Chain Solutions, Inc. and/or UPS SCS, Inc. if you select this option. UPS Supply Chain Solutions, Inc. and UPS SCS, Inc. use emails to deliver information that you and others request (example: shipment alerts). UPS Supply Chain Solutions, Inc. and UPS SCS, Inc. also use email to provide details about your account and operational information regarding existing products, services and systems.

Please do not reply directly to this e-mail. UPS will not receive any reply message.

This message was sent to you by UPS Supply Chain Solutions, Inc. FMC No. 000275F 12380 Morris Road Alpharetta, GA 30005. UPS SCS, Inc.’s customers are receiving this message on behalf of UPS SCS, Inc. 1930 Derry Road East, Mississauga, ON L5S 1E2 ups.com/supplychain . It contains proprietary information and may be confidential. If you are not the intended recipient, the reading, copying, disclosure or other use of the contents of this email is strictly prohibited and you are instructed to please delete this email immediately.

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For questions or comments, Contact UPS .

For information on UPS Terms and Conditions of Service, visit Terms and Conditions of Service .

© 2024 United Parcel Service of America, Inc. UPS, the UPS brandmark, and the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved. All trademarks, trade names, or service marks that appear in connection with UPS’s services are the property of their respective owners.