The surge in shipping volumes has driven up freight rates, prompting foreign trade enterprises to be more cautious when accepting new orders.

Since the mutual reduction of tariffs between China and the United States two weeks ago, the backlog of orders accumulated by Chinese foreign trade companies is accelerating shipment. Multiple surveys have shown that since May 12, the booking volume for the US route has been continuously increasing, leading to intense competition for shipping space and causing non-linear price increases. As of now, the shipping space for the end of May has been basically sold out, with prices rising by over 40%. The current shipping market is in a state of supply and demand bargaining. Freight forwarders predict that prices will only rise and not fall in the next 90 days. However, foreign trade companies are hoping that prices will decrease after the restoration of shipping capacity in June. In the current situation of soaring prices, on one hand, shipping companies are urgently reallocating capacity to assist the US route, and on the other hand, some foreign trade companies have proactively slowed down their pace of accepting orders due to uncertainty.