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Though ocean volumes are past their peak for the year, the typical Q4 air cargo peak season should heat up soon. Freight news travels faster than cargo Get industry-leading insights in your inbox. Freightos Air index data shows Middle East – N. America rates have increased 35% since mid-September to $3.17/kg,
In air cargo, Freightos Air Index data shows that transpacific air cargo rates that had jumped to $7.07/kg The importing of low-cost goods directly to consumers by high cost air cargo is mostly facilitated by the de minimis exception which exempts small imports from customs costs and rigorous and expensive filing requirements.
Judah Levine March 12, 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 7% to $4,419/FEU. Asia-US East Coast prices(FBX03 Weekly) fell 8% to $6,107/FEU.
Intermediate cargo value. Consistent cargo volume, regularity and O/D points. . A few leading signs that cargo is better suited for truckload shipping include: Urgent hauls. A few leading signs that cargo is better suited for truckload shipping include: Urgent hauls. High-than-LTL frequency stops to load/unload cargo.
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. Freight news travels faster than cargo Get industry-leading insights in your inbox. kg last week.
Outbound Air Cargo Tons out of Ho Chi Minh City are expected to grow leading into the holiday season as shippers rely heavily on air cargo. Conversely, the Outbound Air Cargo Tons (OTAC) from Ho Chi Minh City’s Tan Son Nhat International Airport rebounded in August and are expected to grow into the holiday shipping season.
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.
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. America even during these typically slow months for air cargo. Freight news travels faster than cargo Get industry-leading insights in your inbox.
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.
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.
That is a huge success story for the air cargo industry and as promised it has brought significant efficiencies. Speed and Urgency : Air cargo is used for faster shipping options, and the need for rapid communication and tracking is more critical in this industry. Remember that there was zero airline ebooking at the beginning of 2018.
Otherwise, the consignee can release the cargo without shipper send the physical documents with a printed release. The carrier agency may carry out the delivery procedures based on the original copy submitted for the delivery of the cargo. Original BLs are delivered in a set of three copies.
With LTL freight shipping, the cargo that needs to be transported from one shipper shares space on a truck with cargo from another shipper. Request a FreightWaves SONAR demo today to learn more about how your organization can increase its understanding and insight into both LTL and TL freight rates. Request a SONAR Demo.
The impact of this shift on air cargo rates, though, could be mitigated somewhat by summer travel’s additional passenger flights adding cargo capacity to the market. The biggest driver of elevated air cargo rates out of China – Freightos Air Index rates out of China were at $5.86/kg America and $3.60/kg
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.
In air cargo, Middle East – N. But carriers and forwarders report that though they remain very busy, they aren’t seeing peak conditions yet , and may not see much worse than current conditions as shippers planned and adjusted in advance to avoid peak season air cargo chaos. kg, a high for the year.
Freight news travels faster than cargo Get industry-leading insights in your inbox. 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.
Every inch of space available in delivery vans, trucks, semis and cargo crates is valuable. As the amount of cargo that needs to be transported increases, the room becomes more valuable. Request a FreightWaves SONAR SCI demo to get started on your next RFP bidding and lane volatility strategy to keep LTL rates in check.
Judah Levine November 15, 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 6% to $1,711/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 3% to $2,421/FEU.
In air cargo, there is some optimism that Q1’s unexpected volume strength will continue into Q2. Freight news travels faster than cargo Get industry-leading insights in your inbox. Freightos Air Index rates out of China dipped slightly last week to $5.43/kg America and $4.08/kg Prices out of the Middle East and S.
The storm sank a cargo ship off the coast of Taiwan and grounded several others. Freight news travels faster than cargo Get industry-leading insights in your inbox. Prices out of S. Asia dipped 8% to N.
In air cargo, Freightos Air Index China to N. Red Sea-driven congestion and decreases in ocean capacity out of India have pushed air cargo demand up and export rates to twice as high as at the beginning of the year. Freight news travels faster than cargo Get industry-leading insights in your inbox. America and $3.85/kg
Reduce your carbon footprint by implementing better optimization protocols in place Moreover, route optimization today involves more than simply getting cargo from one location to another as quickly as possible. Request your demos below. Request a SONAR Demo. Request a SONAR SCI Demo. Request a SONAR SCI Demo.
Air cargo demand remained strong in May, though the new round of ocean disruptions do not appear to be causing a new surge in air cargo volumes just yet. Freight news travels faster than cargo Get industry-leading insights in your inbox. Freightos Air Index rates from China to N.
In air cargo, the US Customs and Border Protection is reportedly increasing its scrutiny and expectations of customs brokers and may tighten reporting requirements for imports entering via the de minimis exception, as it seeks to better regulate the flood of e-commerce shipments from China which arrive mostly by air. kg to Europe.
Cross-border e-commerce volumes continue to be a major driver of air cargo demand, and the industry is continuing to adjust to this new reality. Freight news travels faster than cargo Get industry-leading insights in your inbox. This demand growth – even in what are typically slow months for the market – are keeping rates up as well.
In air cargo, global volumes increased 13% year on year in June , with Q2 cargo out of Asia up 18% year over year, after 20% growth in Q1 mostly attributed to e-commerce volumes. Best, Judah Levine, Head of Research Freight news travels faster than cargo Get industry-leading insights in your inbox. America and 10% to $1.88/kg
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.
While the World Shipping Council estimates that the Suez Canal handles an estimated 10-12% of world trade, it handles a much higher percentage of Europe’s ocean containerized cargo from Asia than it does for the US. Request a SONAR Demo. Request a SONAR SCI Demo.
Judging from FreightWaves’ new Inbound Ocean TEU Volume Index (IOTI) and the recent Transportation Air Cargo Index (AIRUSD), that is not the only company choosing to fly versus ocean shipping of goods over the Pacific. Request a FreightWaves SONAR demo by clicking the button below to get started. Request a SONAR Demo.
In air cargo, volumes out of China were strong in late March driven by B2C eCommerce growth, though Freightos Air Index China export rates dipped somewhat to $4.23/kg Freight news travels faster than cargo Get industry-leading insights in your inbox. America and $3.31/kg kg to Europe this week. Asia in March, where rates hit $5.25/kg
Though ocean flows out of India are improving , there is still additional pressure on air cargo in the region which started in late January due in large part to Red Sea-driven disruptions, with demand for sea-air out of Dubai also still elevated. Freight news travels faster than cargo Get industry-leading insights in your inbox.
Despite growing opposition from domestic groups to Chinese B2C e-commerce imports entering the US and EU via de minimis exemptions and mostly by plane, air cargo rates and volumes have remained elevated – Freightos Air Index China – N. Freight news travels faster than cargo Get industry-leading insights in your inbox.
Disruptions and higher prices in ocean logistics could push more volumes to air cargo like they have on some lanes since the beginning of the Red Sea crisis. Middle East air cargo export rates rebounded 12-25% last week back to early May levels, suggesting some increase in demand already. America and Europe have remained stable.
In air cargo, strong e-commerce volumes continue to be the major driver of elevated rates to N. Freight news travels faster than cargo Get industry-leading insights in your inbox. America and Europe. America and $3.38/kg kg to Europe – will likely mean more pressure on space and rates later in the year.
Some observers expect the latest increase in ocean disruptions and rates to push some demand to air cargo. Freight news travels faster than cargo Get industry-leading insights in your inbox. However, Freightos Air Index rates out of the Middle East and S. Asia have been stable since at least mid-May. Prices from China to N.
That’s why we developed TrakItPRO, a state-of-the-art cargo visibility tracking system designed to streamline freight forwarding for companies like yours. Schedule a demo with our sales-team today and see firsthand how TrakItPRO can transform your freight forwarding operations. Experience the difference with TrakItPRO.
In air cargo, B2C e-commerce demand is expected to keep ex-China volumes and rates elevated through what is normally slow season and into Q4’s peak season. Freight news travels faster than cargo Get industry-leading insights in your inbox. Freightos Air Index rates out of China dipped slightly to $5.34/kg
The strike did lead to some ocean to air shift reflected in climbing rates on some lanes, and we may see some continued pressure on air cargo rates as long as some importers continue to expedite shipment of some essential inventories until stuck containers are received and ocean operations stabilize. America rates jumped to $7.07/kg
Meanwhile, paying below-market rates in highly volatile markets will mean that carriers have an opportunity to make more money by rejecting freight in exchange for cargo that is at higher shipping rates per mile. Request a FreightWaves SONAR SCI Lane Acuity demo to get started or by clicking the button below. Request a SONAR Demo.
A great way to stand out as a shipper of choice is to provide personalized shipping, loading and cargo services no one else can or will offer. Get started by clicking the button below to request a FreightWaves SONAR demo today. Request a SONAR Demo.
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. America East Coast peak of $22k/FEU.
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. Through last week, Freightos Air Index rates for Asia – N.
Ships are one of the most basic cargo components for global freight transport. Challenge 3: Continued cargo loss due to containers literally falling overboard. Thousands of ships carry millions of cargo containers, yet only so much cargo can get moved at any time. Request a SONAR Demo. Challenge 7: Finite quantity.
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