Freightos

SEPTEMBER 3, 2024

Some of this rate decline is likely also due to capacity increases, including from opportunistic carriers who launched transpacific services when rates were spiking earlier in the summer. Freight news travels faster than cargo Get industry-leading insights in your inbox.

Data 87

Data Logistics Network Optimization Software Freight Demo 87

Freightos

MAY 15, 2024

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.

Negotiating Skills 108

Negotiating Skills Price Reduction Data Capacity 108

Freightos

FEBRUARY 13, 2024

Judah Levine February 13, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 11% to $4,859/FEU. But even with the Red Sea diversions soaking up capacity and N.

Optimal Sourcing 77

Optimal Sourcing Negotiating Skills Demo Data 77

Freightos

OCTOBER 22, 2024

Some observers anticipate that the strike will still lead to some capacity and equipment shortages at Asian origins in early November. At the same time, Red Sea diversions’ drain on capacity are still keeping these prices about triple their level a year ago.

Data 71

Data Freight Demo Capacity 71

Freightos

JULY 9, 2024

Peak season demand coinciding with Red Sea-driven capacity constraints and congestion has now pushed Asia – N. An increase in transhipment has caused intra-Asia and Asia/S.Asia – Middle East volumes to climb, with congestion and capacity shifts to other lanes also contributing to higher ocean rates on these lanes.

Data 99

Data Freight Capacity Demo 99

Freightos

NOVEMBER 7, 2023

Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,609/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 7% to $2,357/FEU.

Negotiating Skills 131

Negotiating Skills Price Reduction Vendor Strategies Cost Reduction 131

Freightos

MARCH 19, 2024

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

Data 123

Data Freight Demo Logistics Network Optimization Software 123

Freightos

JULY 23, 2024

Congestion at major Asian container hubs is not as bad as a few weeks ago, but is still a factor tying up capacity and causing delays, including some redistribution of vessels – and congestion – to other ports in the region, now including Taiwan. Freight news travels faster than cargo Get industry-leading insights in your inbox.

Data 115

Data Freight Capacity Demo 115

Logistics Viewpoints

JULY 27, 2023

Today’s article comes from Open Sky Group and helps to decipher some myths around buying a WMS. Myth 2 – What you see in the demo is what’s in the product. Is this feature deployed and running in the real world, or just the demo environment? Buying a warehouse management system (WMS) is a big decision. Ask questions.

Procurement Solutions 124

Procurement Solutions Demo Logistics Network Optimization Software Purchasing Skills 124

Freightos

DECEMBER 19, 2023

Judah Levine December 19, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 3% to $1,556/FEU. Asia-US East Coast prices (FBX03 Weekly) were level at $2,509/FEU.

Negotiating Skills 110

Negotiating Skills Optimal Sourcing Logistics Network Optimization Software Demo 110

Freightos

FEBRUARY 22, 2024

Judah Levine February 22, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 1% to $4,889/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 3% to $6,764/FEU.

Price Reduction 71

Price Reduction Negotiating Skills Vendor Strategies Resource Reduction 71

Freightos

JANUARY 16, 2024

Judah Levine January 16, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 5% to $2,588/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 7% to $4,278/FEU.

Negotiating Skills 112

Negotiating Skills Optimal Sourcing Demo Data 112

Freightos

FEBRUARY 7, 2024

Judah Levine February 7, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 7% to $4,367/FEU. Asia-US East Coast prices (FBX03 Weekly) increased 4% to $6,373/FEU.

Negotiating Skills 71

Negotiating Skills Optimal Sourcing Demo Data 71

Freightos

JULY 30, 2024

Asia and Africa lanes, which may likewise indicate that more capacity is becoming available across networks as a result of easing conditions on the main trade lanes. 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.

Price Reduction 99

Price Reduction Supply Chain Software Data Freight 99

Freightos

AUGUST 27, 2024

Prices to the West Coast – which had eased about 20% from their July peak as carriers added capacity to the lane and demand may already be past its peak – climbed by more than 10% last week on mid-month GRIs by some carriers. Freight news travels faster than cargo Get industry-leading insights in your inbox.

Negotiating Skills 86

Negotiating Skills Price Reduction Data Cargo 86

Freightos

JUNE 11, 2024

America, by a mix of concern over Red Sea delays later in the year, a rush to pull forward goods from China before new tariffs take effect, and the threat of Q4 labor disruptions – together with capacity stretched thin by Red Sea diversions and the resulting, worsening port congestion continued to push ocean rates up sharply last week.

Price Reduction 115

Price Reduction Data Logistics Network Optimization Software Freight 115

Freightos

SEPTEMBER 17, 2024

In air cargo, the surging volume of e-commerce packages out of China has been the biggest driver of strong demand, tight capacity and elevated rates for much of the year. 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.

Price Reduction 81

Price Reduction Cost Reduction Logistics Network Optimization Software Cargo 81

Freightos

JANUARY 10, 2024

Judah Levine January 10, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 60% to $2,713/FEU. America weekly prices fell 1% to $1.81/kg.

Negotiating Skills 109

Negotiating Skills Price Reduction Optimal Sourcing Vendor Strategies 109

Freightos

MAY 28, 2024

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. million TEU twice.

Price Reduction 113

Price Reduction Expense Reduction Resource Reduction Data 113

Freightos

MAY 1, 2024

Taken together, these drains on capacity are seeing significant nominal fleet growth due to newly built vessels entering the market, but only moderate effective capacity growth , resulting in still-elevated freight rates. Ocean rates out of Asia have been about level for the last four weeks, but at the $4,300/FEU mark from Asia to N.

Data 113

Data Logistics Network Optimization Software Freight Cargo 113

Freightos

MAY 21, 2024

Even with fleet growth from new vessels being applied to add more ships to rotations and accommodate longer journeys around the south of Africa, carriers are still facing a capacity shortage. Increasing demand, tight capacity and delays are combining to push ocean rates up from their already elevated Red Sea-adjusted floors reached in April.

Data 124

Data Freight Demo Logistics Network Optimization Software 124

Freightos

OCTOBER 15, 2024

Some carriers have announced blanked sailings in response to the congestion, but may also be adjusting capacity to the lower, post-peak season volumes. 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.

Price Reduction 65

Price Reduction Cost Reduction Expense Reduction Resource Reduction 65

Freightos

OCTOBER 8, 2024

In addition to the capacity being absorbed by East Coast backlogs from the strike, several European hubs, including Hamburg , are experiencing significant congestion which is also restraining supply and putting some upward pressure on rates. Freight news travels faster than cargo Get industry-leading insights in your inbox.

Negotiating Skills 96

Negotiating Skills Price Reduction Inventory Reduction Resource Reduction 96

Freightos

FEBRUARY 28, 2024

Judah Levine February 28, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 2% to $4,809/FEU. Asia-US East Coast prices (FBX03 Weekly) fell 1% to $6,709/FEU.

Negotiating Skills 71

Negotiating Skills Optimal Sourcing Demo Maritime 71

Freightos

JANUARY 15, 2024

Despite these efforts, to date the attacks continue, pushing most major carriers representing over 60% of global container capacity, to alter their routes. In other words, while demand was dropping, supply of capacity was increasing. In other words, this is a far cry from 2021 and its dramatic capacity shortage.

Negotiating Skills 126

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction 126

Freightos

SEPTEMBER 10, 2024

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. Reduced capacity and diversions to West Coast alternatives could lead to spiking rates and congestion at these ports too.

Negotiating Skills 83

Negotiating Skills Price Reduction Supply Chain Software Data 83

Freightos

JULY 9, 2024

Peak season demand coinciding with Red Sea-driven capacity constraints and congestion has now pushed Asia – N. An increase in transhipment has caused intra-Asia and Asia/S.Asia – Middle East volumes to climb, with congestion and capacity shifts to other lanes also contributing to higher ocean rates on these lanes.

Data 63

Data Freight Capacity Demo 63

Freightos

JUNE 25, 2024

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.

Logistics Network Optimization Software 71

Logistics Network Optimization Software Data Freight Cargo 71

Freightos

AUGUST 6, 2024

And though some carriers will reportedly introduce rate increases in mid-August , easing demand and increased capacity for this lane have many doubtful that rate increases will stick. Prices were stable even as demand gradually improved in the first half of the year , since enough capacity stayed in the lane to keep rates from climbing.

Data 78

Data Freight Logistics Network Optimization Software Capacity 78

Freightos

SEPTEMBER 25, 2024

Operators attribute some of this success to lessons learned during the pandemic – including increased warehouse capacity, better chassis management, and off-site container yards – which should allow them to handle a sudden volume surge reasonably well in the event of a strike.

Logistics Network Optimization Software 74

Logistics Network Optimization Software Data Freight Demo 74

Freightos

JANUARY 3, 2024

Judah Levine January 3, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01) increased 63% to $2,713/FEU. Asia-US East Coast prices (FBX03) climbed 55% to $3,900/FEU.

Negotiating Skills 62

Negotiating Skills Optimal Sourcing Logistics Network Optimization Software Demo 62

Freightos

JUNE 18, 2024

But with capacity already stretched thin, the shift of vessels to East-West lanes may contribute – like it did in 2021 and 2022 – to higher rates on regional and lower-volume lanes as well. Strong demand and high spot rates have some long-haul carriers adding transpacific and Asia – Europe services.

Data 83

Data Logistics Network Optimization Software Freight Demo 83

Freightos

APRIL 2, 2024

Expanded gate hours , additional trucking capacity – including from Maryland-area truckers – and an anticipated special New York – Baltimore rail service, are being put into place at these ports to accommodate the diverted volumes. Freight news travels faster than cargo Get industry-leading insights in your inbox.

Logistics Network Optimization Software 123

Logistics Network Optimization Software Data Freight Demo 123

FreightWaves SONAR

APRIL 14, 2021

has funneled much of the trucking volumes into a smaller grouping of commodities. . The pandemic has made inventory management nearly impossible thanks to production limitations, tight transportation capacity and shifting consumption patterns. Request a SONAR Demo. Epilogue by Jason Vanover).

Manufacturing Procurement 52

Manufacturing Procurement Capacity Procurement Analytics Trucking 52

Locus

OCTOBER 25, 2023

For over four decades, FKS Group has carved out a robust presence in South-East Asia’s business landscape. As their fleet routes weren’t being optimized, trucks often made drops without leveraging their full capacity, which meant extra vehicles to meet growing demand.

Optimal Sourcing 59

Optimal Sourcing Optimization Software Sourcing Strategies Manufacturing Procurement 59

Freightos

JULY 16, 2024

The recent addition of more capacity to the transpacific including regional carriers entering long haul trade may also be playing a part in reducing pressure on rates, with reports that some carriers are already offering rate reductions to keep vessels full. Freight news travels faster than cargo Get industry-leading insights in your inbox.

Price Reduction 81

Price Reduction Resource Reduction Data Freight 81

Freightos

DECEMBER 28, 2023

Judah Levine December 28, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 7% to $1,659/FEU. Asia-US East Coast prices (FBX03 Weekly) were level at $2,505/FEU.

Negotiating Skills 77

Negotiating Skills Price Reduction Vendor Strategies Cost Reduction 77