TP Trade Topic Fuel Is Back in the Conversation
Lewis Hu
Trans Pacific Trade Lane Manager
May 8, 2026
In recent weeks, fuel-related costs have moved back into focus across global supply chains. While much of the market discussion still centers on demand and capacity, energy costs are once again becoming a visible factor behind freight rate behavior.
In some regions, fuel prices have increased sharply. For example, parts of North America have seen fuel cost increases of up to 30%–40% over a short period, reflecting tightening supply and geopolitical uncertainties. Although these changes do not immediately translate into freight rates, they are increasingly shaping pricing expectations.