Global Supply Chain Update – May 7, 2025

Global Container Rates

  • The composite rate per 40-foot container was $2,091 on 5/1/25, which is down $66 from the previous week. Global container rates mostly decreased week-over-week. The largest decrease was from Shanghai to Genoa, which decreased $123 to $2,889. The second largest decrease was from Shanghai to New York, which decreased $111 to $3,500. 

Suez Canal Crossings 

  • The chart below outlines the 7-day rolling total of container ships, tankers, and bulk carriers traveling South to North through the Suez Canal.
  • The total number of crossings on 5/6/25 was 60 (compared to 86 on 5/6/24).

Panama Canal Crossings 

  • The chart below outlines the 7-day rolling total of container ships, tankers, and bulk carriers traveling South to North through the Panama Canal.
  • The total number of crossings on 5/6/25 was 91 (compared to 64 on 5/6/24).

Global Supply Chain Pressure Index 

  • The Federal Reserve Bank of New York’s Global Supply Chain Pressure Index (GSCPI) decreased from -0.17 in March 2025 to -0.29 in April 2025.  

Most-Watched Supply Chain Metrics  

  • The chart below is a breakdown of supply chain metrics for April 2025.

  • The aggregate index of most-watched supply chain metrics (the black line in the chart below) was -0.42, with zero meaning the supply chain is acting normally.

U.S. Trucking Rates

  • Trucking rates remained the same  week-over-week, with Internet Truckstop’s average equipment rate at $2.51 per mile.
  • Trucking rates on a geographical basis were mixed last week. The largest decrease was in Mountain Central which decreased $0.05 to $2.11 per mile. The largest increase was in South Central and West Coast which both increase $0.02 to $2.51 and $2.13, respectively. 

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