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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,
10 Reasons the Retail Industry Should Invest in a Last-Mile Delivery Solution. Original Article: 10 Reasons the Retail Industry Should Invest in a Last-Mile Delivery Solution. Every industry has dealt with the fallout or repercussions caused by COVID-19 -related disruptions to the supply chain.
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. In air cargo, Freightos Air Index data shows that transpacific air cargo rates that had jumped to $7.07/kg Freight news travels faster than cargo Get industry-leading insights in your inbox.
Such activity demonstrates that centralized freight forwarding is essential to managing the growing complexity of these forwarders, and consolidation of forwarding services can help solve the top challenges facing the freight forwarding industry and shift toward automation in logistics , including the following. A Talent Shortage.
That is a huge success story for the air cargoindustry 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. Increasingly I think it’s an ultramarathon.
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.
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.
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.
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.
The Industrial Relations Board ordered operations to resume in Vancouver, Prince Rupert and Montreal, and sent operators and port worker unions to binding arbitration, with ports reopening late last week. In air cargo, Middle East – N. Freight news travels faster than cargo Get industry-leading insights in your inbox.
That’s because cargo ships use an incredible amount of fuel, and the cost of fuel typically represents at least 50% of the expense to operate a ship. Cargo airlines have similar troubles when fuel is expensive. In just the first few months of 2022, fuel prices had more than a $134 billion impact on this industry.
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.
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 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.
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.
Less-than-truckload shipping, also known as LTL shipping, is nothing new within the transportation and shipping industry, but it has become more of a game-changer in recent years with freight rate prediction. Every inch of space available in delivery vans, trucks, semis and cargo crates is valuable. Request a SONAR Demo.
Freight news travels faster than cargo Get industry-leading insights in your inbox. 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.
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.
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.
The local ILWU port worker union chapter in Vancouver had announced a Monday strike as part of an ongoing dispute with port operators there, but Canada’s Industrial Relations Board ruled that the strike was illegal. Best, Judah Levine, Head of Research Freight news travels faster than cargo Get industry-leading insights in your inbox.
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.
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. Express release is the fastest and most convenient method industry wide.
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. Freightos Air Index benchmark rates out of China were $5.12/kg America last week and $3.61/kg
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
The Teamsters issued a strike announcement soon after, but rescinded it once the Industrial Relations Board affirmed the order on Saturday, and operations had resumed by Monday. Though summer is typically slow season for air cargo, e-commerce volumes have kept space tight and rates at levels usually reserved for peak season.
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.
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. Q: What does it mean for the freight industry as a whole?
Truckload rates have a significant impact on the industry, whether intermodal or single-lane shipping modes get utilized. 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 SONAR Demo. Request a SONAR SCI Demo.
In Germany, port worker strikes slowed operations for three days at several ports last week, and in Canada, the Industrial Relations Board is expected to issue a ruling by August 9th that could allow rail workers to strike with 72-hour notice. In air cargo, strong e-commerce volumes continue to be the major driver of elevated rates to N.
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.
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.
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.
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. kg to Europe for a 129% increase.
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.
Data represents an integral part of daily life for most people, and it is no different within the transportation industry. 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.
Many industry experts estimate the three day backlog could take two or three weeks or more to clear. America air cargo rates have increased 4% to $1.79/kg America air cargo rates have increased 4% to $1.79/kg Middle East – N America air cargo rates were up to $3.06/kg Freightos Air Index data shows Europe – N.
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
A rail worker strike in Canada , however, may be getting closer as the Industrial Relations Board – tasked with determining the legality of a strike – is expected to issue a final decision allowing the union to act soon. Despite a recent increase in US Customs scrutiny of e-commerce imports, air cargo volumes have remained strong.
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.
Enterprise shippers have always been an integral part of the maritime shipping industry and its partnership with truck fleet management. Ships are one of the most basic cargo components for global freight transport. New blood helps keep the maritime shipping industry-relevant and moving forward. Challenge 7: Finite quantity.
Freightos Air Index data show air cargo rates have remained stable on most lanes despite the recent increase in ocean delays and prices. Freight news travels faster than cargo Get industry-leading insights in your inbox. China – N. Europe rates which had been easing in June, however, rebounded to May levels of about $4.25/kg
In air cargo, Freightos Air Index rates from China to the US slid 12% in the last few weeks. Freight news travels faster than cargo Get industry-leading insights in your inbox. Though this decrease may reflect some easing of demand in the typical summer lull, at $4.90/kg America to $2.57/kg kg and 20% to $1.56/kg
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