Freightos

MAY 8, 2024

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.

Data 113

Data Capacity Freight Demo 113

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 133

Negotiating Skills Price Reduction Vendor Strategies Cost Reduction 133

Freightos

NOVEMBER 21, 2023

Judah Levine November 21, 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) decreased 8% to $1,573/FEU. Asia-US East Coast prices (FBX03 Weekly) decreased 2% to $2,383/FEU.

Negotiating Skills 127

Negotiating Skills Optimal Sourcing Price Reduction Demo 127

Freightos

DECEMBER 6, 2023

Judah Levine December 6, 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) were level at $1,620/FEU. Asia-US East Coast prices (FBX03 Weekly) were also level at $2,367/FEU.

Negotiating Skills 118

Negotiating Skills Price Reduction Optimal Sourcing Vendor Strategies 118

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 116

Negotiating Skills Price Reduction Data Capacity 116

Freightos

JULY 2, 2024

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.

Logistics Network Optimization Software 108

Logistics Network Optimization Software Data Groups Freight 108

Freightos

NOVEMBER 28, 2023

Judah Levine November 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 3% to $1,613/FEU. Asia-US East Coast prices (FBX03 Weekly) fell 1% to $2,362/FEU.

Negotiating Skills 112

Negotiating Skills Price Reduction Vendor Strategies Resource Reduction 112

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 126

Data Freight Demo Logistics Network Optimization Software 126

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 117

Negotiating Skills Optimal Sourcing Logistics Network Optimization Software Demo 117

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 114

Data Freight Capacity Demo 114

Freightos

AUGUST 14, 2024

The Port of Chittagong, Bangladesh’s major container hub, closed briefly and then operated below capacity for much of the week. 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.

Data 118

Data Logistics Network Optimization Software Freight Cargo 118

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 117

Negotiating Skills Optimal Sourcing Demo Data 117

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.

Logistics Network Optimization Software 109

Logistics Network Optimization Software Data Freight Demo 109

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 118

Data Logistics Network Optimization Software Freight Cargo 118

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 127

Data Freight Demo Logistics Network Optimization Software 127

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 117

Negotiating Skills Price Reduction Optimal Sourcing Vendor Strategies 117

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 118

Price Reduction Expense Reduction Resource Reduction Data 118

Freightos

DECEMBER 13, 2023

Judah Levine December 13, 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 1% to $1,603/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 5% to $2,497/FEU.

Negotiating Skills 117

Negotiating Skills Optimal Sourcing Price Reduction Vendor Strategies 117

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 118

Price Reduction Data Logistics Network Optimization Software Freight 118

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 127

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction 127

Logistics Viewpoints

NOVEMBER 3, 2023

The song was built using a demo track from John Lennon dating back to the 1970s and a guitar track from George Harrison from 1995. The song was supposed to come out back in 1995 as part of The Beatles Anthology, along with Free as a Bird and Real Love , two other tracks culled from 1970s Lennon demos.

Logistics Network Optimization Software 122

Logistics Network Optimization Software Logistics Demo Packaging 122

Freightos

APRIL 16, 2024

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.

Price Reduction 126

Price Reduction Resource Reduction Data Logistics Network Optimization Software 126

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 107

Negotiating Skills Price Reduction Data Cargo 107

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 109

Data Freight Logistics Network Optimization Software Capacity 109

Locus

AUGUST 6, 2024

Peak and holiday seasons are typically when retailers have to scale their capacity to meet the demands. However, with large volumes of orders and manual capacity planning methods, decision making takes a hit and ultimately leads to unnecessary increase in vehicles to accommodate load which leads to increased cost.

Resource Reduction 52

Resource Reduction Supply Chain Planning Software Vendor Strategies Capacity 52

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 98

Procurement Solutions Demo Logistics Network Optimization Software Purchasing Skills 98

Freightos

DECEMBER 19, 2023

But with alternative routes and plenty of excess capacity available, operations should continue reasonably well, and freight rates are unlikely to spike to extreme highs. Together with ZIM, these carriers represent five of the top ten largest carriers and 56% of global capacity. But this time there is excess capacity to step in.

Negotiating Skills 131

Negotiating Skills Freight Optimal Sourcing Supply Chain Planning Software 131

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 105

Negotiating Skills Price Reduction Supply Chain Software Data 105

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 92

Logistics Network Optimization Software Data Freight Cargo 92

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 105

Data Logistics Network Optimization Software Freight Demo 105

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

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 126

Logistics Network Optimization Software Data Freight Demo 126

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 112

Negotiating Skills Price Reduction Inventory Reduction Resource Reduction 112

FreightWaves SONAR

DECEMBER 21, 2020

A finite group of logistics service providers (LSPs) will inevitably lead to less competition during truckload RFP processes and higher freight spend. Still, if the carrier loses drivers, there is nothing a shipper can do to secure more capacity during peaking asset demand periods. And it’s not always a need to secure more capacity.

Negotiating Skills 76

Negotiating Skills Trucking Price Reduction Cost Reduction 76

Freightos

JANUARY 3, 2024

More Resources Home Red Sea and Suez Canal Shipping Crisis Update Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Even with an international naval force in place, Houthi attacks on commercial vessels in the Red Sea continue. Get Your Custom Report Now!

Negotiating Skills 139

Negotiating Skills Price Reduction Optimal Sourcing Vendor Strategies 139

FreightWaves SONAR

MARCH 15, 2021

SONAR Lane Acuity Plus provides lane-level insight into market stability and rate benchmarking , helping participants identify freight rate and capacity risk on a lane. . The higher the stability score, the more consistent the rate and capacity are on a given lane, resulting in a consistently high rate of tender acceptance.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

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 104

Price Reduction Resource Reduction Data Freight 104