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.

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