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Asia – Europe and Mediterranean trades – that, due to longer lead times for sailings around the Cape of Good Hope, had to have peak season goods moved out of Asia before Golden Week to receive them in time for Q4 consumer events – seem to be even further past peak demand than the transpacific. kg last week.
Alongside the ongoing, Iran-sponsored, attacks on Red Sea traffic, this event poses yet another potential challenge to the container industry. 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.
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.
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
The storm sank a cargo ship off the coast of Taiwan and grounded several others. And if peak volumes are already on their way, US West Coast ports report being ready for them or any other surge including a possible shift of volumes away from the East Coast in the event of a strike in October. Prices out of S. Asia dipped 8% to N.
Aimee Loshinsky January 25, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo In Freightos Q4 2023 KPI press release , we announced that the company surpassed one million bookings across the platform in 2023. Freight is digitizing itself now at real scale.
As highlighted by FleetOwner , traffic jams, vehicle problems, major weather events, customs and border issues and construction projects can delay delivery and disrupt normal transportation flow. Find out more about how your organization can gain those lane-level insights by requesting a demo of FreightWaves SONAR SCI Lane Acuity today.
Even orders that reach their final destination by truck may very well have first traveled on a cargo ship, sailing across an ocean. There’s no option to move the cargo to another vehicle as with truck fleet shipping. Cargo loaded onto a ship cannot be moved or transferred until it reaches its destination. Request a SONAR Demo.
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.
Cargo value and average value/cost per load Among supply chain KPIs, tracking the cargo volume and average value or cost per load is crucial. Schedule a SONAR demo online to learn more. Request a SONAR Demo. It is simply the sum of all freight under management (FUM) divided by the total number of loads.
Black Swan Events. A black swan event is an unexpected event with severe consequences, like the Great Recession or the current COVID-19 pandemic. This category is sometimes lumped together with black swan events. You need to determine what your priorities will be in the event of a supply chain disruption.
With such disruptions in the cargo-industry, it is difficult to identify the manpower required for a carrier to operate effectively. sharing of event videos between drivers and safety managers. Want a free BlueShip Demo? Request a BlueShip Demo. In 2020, 23% of all truckloads were spot shipments.
In a conversation beginning at the tail-end of a lecture and concluding on a patio overlooking the Western Wall in Jerusalem’s Old City, I spoke to Celine Hourcade, IATA’s Head of Cargo Transformation. For a couple of reasons but mostly because: Cargo is not the core revenue center of air carriers, passengers are.
For example, as seen in scenario A1, the global unconstrained demand for air cargo will fall by 14% of pre-crisis volumes in the second quarter of 2020 and will not rebound to 2019 levels until around mid-2022.” Unfortunately, that is not a reality for responding to a major disruptive event. So, what can companies do?
A series of unfortunate events. The latter was so severe that cargo ships had to run at half their usual capacity. Try a demo with Locus to achieve sustainability for your logistics. Schedule Demo. Both inbound and outbound delivery flows were affected.
At Samsara’s Beyond event in Chicago David Priestman learned how transport businesses can work smarter. With Samsara, events are delivered to line managers instantly. “We The company’s insurance costs are down by 90%, on-road events down 40%, cost-per-claim down 10%. We get vehicle alerts for speeding and harsh events.
But even in the event of a limited strike, USMX bylaws would require a lockout across their ports. 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. You can watch the full interview here.
Analysis President Trump has scheduled a Wednesday Rose Garden event for his tariff plan unveiling, and among the things that seem destined to remain extremely uncertain right up to the last minute is whether tariffs announced on Wednesday will be effective immediately or on some future date. Europe weekly prices decreased 2% to $3.79/kg.
America trade, recent events will probably heighten concern over sharp tariffs on China later this year. E-commerce shipments are accounting for an estimated 50 -60% of China – US air cargo volumes and dozens of full freighters each day. Freight news travels faster than cargo Get industry-leading insights in your inbox.
Closing de minimis to Chinese goods will have significant implications for the ability of major platforms like Temu and Shein to ship goods from China directly to consumers in the US by air cargo. Though this pull-forward has been apparent since at least the election, we may see this trend intensify given recent events.
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