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Recent research across 50+ procurement professionals found them most concerned with the impact of external factors on operations, with rising costs ( 55% ), geopolitical disruptions ( 45% ) and capacity constraints ( 38% ) at the top concerns. Why Rate Refresh?
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Some minimal congestion – caused by the three day strike at the beginning of the month – remains at US East Coast and Gulf ports though operations have mostly recovered.
Michelle Sodomka, a Senior Director at Open Sky Group. Shortages of drivers is just one of the contributors to the difficulties shippers are having in securing the truck capacity they need. Open Sky Group is focused on consulting and implementation of Blue Yonder ’s warehouse, labor, and transportation management solutions.
For the past few years, Transporeon Group has queried its extensive network of North American carriers on the state of the industry in order to gather insights on the issues that carriers are facing and how they see the transportation market evolving. So what are carriers doing to address capacity?
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Last week, transpacific ocean rates continued their slide that started early this month. America weekly prices increased 1% to $1.67/kg. Freightos Air Index data show Asia – N. Europe rates of $3.70/kg
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Hurricane Milton battered the west coast of Florida last week. As long as Red Sea diversions continue to absorb capacity on an industry level, prices may not fall much further than seen back in April.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Ocean peak season’s early arrival together with Red Sea diversions straining capacity and schedules continued to result in worsening congestion, equipment shortages and elevated prices this week.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Last week, Canada’s Labor Minister ended the separate labor disputes – one on each coast – that had resulted in lockouts at Canada’s major container ports. America weekly prices increased 9% to $2.60/kg.
Should these rate increases stick, the common driver supporting them would be the combination of increasing demand with the market’s overall capacity being fully employed due to Red Sea diversions – with Houthi attacks continuing this week – even as the global fleet continues to grow on new vessel deliveries. Europe – N.
The Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG) reported stellar results once again last Wednesday (December 1st). However, at its heart, production in the Asia-Pacific region was severely curtailed for a period of time for issues ranging from the COVID impact on worksites to energy shortages, to port capacity limits.
With capacity already tight due to Red Sea diversions, rates last week climbed to $4,151/FEU to N. Europe, this demand increase while capacity is already scarce is pushing transpacific rates up sharply with West Coast prices up 33% from the April floor to $3,873/FEU last week and East Coast rates up 19% compared to April to $5,093/FEU.
With the sides still far apart, trade groups are urging the White House to get involved. With capacity already stretched thin by longer routes around Africa, additional delays and backlogs from an ILA strike, or, to a lesser extent, the looming Canadian rail strike possibly in July, would also put more or renewed pressure on ocean rates.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Low water levels driving weight restrictions and reductions in daily Panama Canal transits has created a backlog of about 150 ships waiting – some for more than a week – for passage. Europe – N.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Though US retail spending has held up even as inflation cools, sales across major retailers have been uneven. China – N. August GRIs pushed Asia – N.
This begs the question: Even if the industry gets more truck drivers, just how much is enough to relieve the strain on trucking capacity? The answer is not simple and involves research and analysis across a number of factors. How many more truck drivers are needed to balance demand for truck transportation with the supply of capacity?
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Asia – N. Carriers have been reducing capacity through blank sailings and other measures in response. America weekly prices increased 5% to $2.10/kg. But despite reducing scheduled Asia – N.
Most observers expect rates to remain well above normal levels while diversions continue, as carriers are facing higher costs and the longer routes soak up capacity. America rates above normal, with carriers reportedly adding capacity for the coming month in anticipation of improving volumes. Still, current rates are around 2.5X
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Ocean rates out of Asia climbed significantly last week, with the latest daily prices already at $8,200/FEU to N.America West Coast, $9,300/FEU to the East Coast, $8,600/FEU to N.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis A massive container explosion on a vessel docked at the Port of Ningbo on Friday – the most destructive of several recent container fires – closed the port’s Phase III Terminal for 60 hours over the weekend.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis The latest National Retail Federation US ocean import report shows that peak season extended into September as month on month import volumes climbed 4%. Europe – N. The same was true for Asia – N.
Judah produces the Freightos Group’s FBX Weekly Freight Update and other research on what’s happening in the industry from shipper behaviors to the latest in logistics technology and digitization. America weekly prices increased 2% to $1.70/kg.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Ocean rates out Asia eased slightly last week across the major lanes. Europe – N. America weekly stayed level at $1.66/kg. For shipments to N.
This relative stability in September – though these rates, even with elevated volumes, are still partially facilitated by significant capacity restrictions by carriers – could point to the consistency in volumes projected by the NRF and the possibility of a moderate but sustained peak through October. Europe – N. kg since early August.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Overall, the ocean container market has settled into a new routine that avoids the Red Sea due to Houthi attacks which continued this week. America weekly prices increased 1% to $1.81/kg.
With demand stable in those months carriers had just enough capacity and equipment to keep the market balanced and rates elevated but level. Subscribe Now Judah Levine Head of Research, Freightos Group Judah is an experienced market research manager, using data-driven analytics to deliver market-based insights. Europe – N.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Unseasonal increases in demand for ocean freight out of Asia – due to the possible start of a restocking cycle in Europe, and a pull forward of peak season demand by N.
For the past few years, Transporeon Group has queried its extensive network of North American carriers on the state of the industry in order to gather insights on the issues that carriers are facing and how they see the transportation market evolving. So what are carriers doing to address capacity?
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis An early start to ocean peak season – driven by signs of economic recovery in Europe and, in N. Freight news travels faster than cargo Get industry-leading insights in your inbox.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Transpacific ocean rates were level to close November and about even with the start of the month, with prices to the West Coast 22% higher than in 2019 and East Coast rates 9% below the 2019 mark.
And the impact doesn’t stop there, since trade-off decisions will be required to answer questions like which customer is most important to satisfy with the limited bolts in inventory and if production capacity should be reallocated. Scenario analysis allows you to weigh alternatives by calculating the effects of possible changes.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Recovery efforts in Baltimore continued to make progress this week. Europe – N. America weekly prices fell 7% to $1.87/kg. Europe have declined in recent weeks, at $3.66/kg kg and $3.36/kg
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Ex-Asia ocean rates climbed across the board last week on early-month GRIs and further capacity reductions. Freight news travels faster than cargo Get industry-leading insights in your inbox.
Michelle Sodomka, Senior Director at Open Sky Group. Shortages of drivers is just one of the contributors to the difficulties shippers are having in securing the truck capacity they need. Open Sky Group is focused on consulting and implementation of Blue Yonder ’s warehouse, labor, and transportation management solutions.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Ex-Asia ocean rates fell across the major tradelanes last week, showing that carriers’ attempts to increase rates in November with General Rate Increases had limited success.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis The Canadian rail lockout of union employees that went into effect on Thursday and threatened to disrupt North American logistics lasted only eighteen hours. America weekly prices increased 1% to $1.66/kg.
Situation Companies are increasingly confronted with complex planning scenarios due to predictable events such as mergers and acquisitions, category expansions, supplier changes, and distribution evolution, as well as disruptive events including demand volatility, material shortages, capacity constraints, and logistical surprises.
In air cargo, B2C e-commerce demand out of China continues to be the biggest driver of strong volumes, tighter capacity and upward pressure on rates to N. Subscribe Now Judah Levine Head of Research, Freightos Group Judah is an experienced market research manager, using data-driven analytics to deliver market-based insights.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Ocean rates out of Asia were stable last week for most lanes, with prices remaining at about their mid-July highs for the year. Europe – N. America weekly prices fell 1% to $1.61/kg.
Together with ZIM who was already diverting their Red Sea traffic, these carriers represent 56% of global capacity, meaning an estimated 17% of global volumes will be taking a longer, more expensive route from Asia around the southern coast of Africa to N.Europe and the Mediterranean, as well as some Asia – N.
Doing so helps organizations detect market shifts and makes supply chain decisions more forward-looking than an analysis of the past, present, and at best, a tactical view of the future. Supply chain design can help identify and flag such capacity and capability gaps. <br>- Organize sourcing events to address gaps.
In short… if passed, it will kill the owner-operator model that has been a lifeline of the freight business for decades and add enormous pressure to the current capacity crisis. And as produce season creeps in, shippers in major regions including Cali, North Carolina, and Florida find themselves in a major reefer capacity shortage.
As leaders gather at the of the World Economic Forum Annual Meeting in Davos for a week of high-level discussions on the future of the global economy, the CDP group released its annual rankings of the top green businesses. CDP's rankings score the thousands of companies which disclose to the organization on their environmental action.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis The combination of an early peak season, Red Sea diversions making capacity tight and knock-on port congestion making supply even tighter meant ex-Asia ocean spot rates continued to climb last week.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Ocean spot rates from Asia to N. But a strike would strand imports and exports already at East Coast and Gulf ports, create backlogs and tie up capacity as some vessels wait for ports to reopen.
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