What moves your costs, your transit times and your cargo today.

THE DAY IN 30 SECONDS

• The Commission sets the third-quarter CBAM price at €82.32 per tonne, 9.4% above the second quarter.
• Hapag-Lloyd announces increases of up to $1,500 per container from India, the Middle East and Pakistan to North America from 1 November.
• Global air freight rates rise 2% week on week while tonnage falls 4% and capacity remains stable.
• Hapag-Lloyd raises origin and destination handling charges in Constanza by up to €32 from 1 November.
• Manila truckers have called a three-day strike over the accumulation of thousands of empty containers at the port.
• Argentine road transport costs have risen 30.3% in 2026, driven by fuel, tolls and labour costs.
• US spot truckload rates have reached $3.55 per mile despite weak demand, reflecting fuel costs and tighter available capacity.
• Works on the Brenner corridor are maintaining diversions and queues on the A22, a key road freight route between Italy and Europe.

🌍 REGULATION AND COMPLIANCE

CBAM price rises 9.4% to €82.32

The figure: €82.32 per tonne of CO2 for CBAM goods imported during the third quarter of 2026.

Why it matters: The price published by the Commission is €7.04 higher than in the second quarter, increasing the cost to be provisioned for embedded emissions in steel, aluminium, cement, fertilisers, hydrogen and electricity. Under DDP, the seller initially bears the cost; under DAP, CIF or CIP, it normally falls on the importer carrying out customs clearance. CBAM provisions for imports made between July and September will need to reflect the new price, alongside supplier emissions data.

• The Commission calculates the price as a weighted average of EU emissions allowance auctions.
• The price was €75.36 per tonne in the first quarter and €75.28 in the second.
• Certificates for 2026 imports will be available for purchase on the common platform from February 2027.

What to watch: The fourth-quarter price will be published on 4 January 2027, and the calculation will move to a weekly basis from 2027.

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📊 FREIGHT RATES AND MARKET SIGNALS

Hapag-Lloyd seeks increases of up to $1,500 to North America

Hapag-Lloyd will apply a GRI/GRA from 1 November of $1,000 per container to the east and Gulf coasts of North America, and $1,500 to the west coast. It will apply to 20-foot and 40-foot dry, reefer and special containers delivered full from India, Pakistan and the Middle East.

Why it matters: This is an announced increase rather than evidence that the market will fully accept it. Under CIF, CFR, CIP or CPT, the seller contracts the main carriage and may pass the increase into the sales price; under FOB or FCA, freight is negotiated directly by the buyer. Freight quotations valid after 1 November will determine the effective impact, including the comparison between west-coast routings and east-coast routings with inland transport.

What to watch: Actual GRI acceptance and possible below-tariff offers during the second half of October.

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Air freight rises 2% despite a 4% fall in tonnage

The figure: Global rates rose 2% week on week and 27% year on year in week 39, while global capacity was unchanged.

Why it matters: Lower volumes are not translating into cheaper rates because supply remains constrained and adjustments vary widely by origin. The data does not support assuming an automatic post-holiday decline in Asian rates; airport-specific conditions and the separation of base rates, surcharges and priority services remain material.

• Global chargeable weight fell 4% from the previous week, including a 7% decline from Asia-Pacific.
• Rates from Asia-Pacific to Europe rose 2% week on week and stood 25% above 2025 levels.
• Tonnage from Asia-Pacific to Europe fell 8%, while prices from the Middle East and South Asia rose 3%.

What to watch: The recovery in bookings after China’s Golden Week, which ends on 7 October.

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⚓ PORTS AND CONGESTION