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Freight Market Snapshot: Houthi Attacks in Red Sea and Suez Canal News Updates

Freightos

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. Oil tankers have also begun avoiding the Red Sea.

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What’s Next for The Freight Market with Chris Pickett

The Logistics of Logistics

Joe Lynch and Chris Pickett discuss what’s next for the freight market. Chris is the Chief Operating Officer at Flock Freight , a technology company that is on a mission to solve the US trucking industry’s wasted capacity problem. in Industrial & Systems Engineering from Virginia Tech, an M.Eng.

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Ahead of the Curve: How Digitalization Helped Air Cargo Amidst Red Sea Shipping Diversions

Freightos

Schedules were quickly disrupted and capacity shifted to China – Europe and North America lanes to accommodate the longer voyages. These changes made ocean capacity (and empty containers) scarce, sending container rates out of India spiking. Since January, the ocean freight shakeup has pushed many shippers to the air.

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Shipper Prep Tips for the CVSA Roadcheck, 72-Hour Capacity Reduction

GlobalTranz

CVSA-certified inspectors will commit a blitz of inspections across North America, creating a sudden strain on resources for both domestic and cross-border freight. The best way to avoid disruption is to source and have readily available resources to expand capacity at a moment’s notice. The overwhelming answer is “yes.”

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Navigating Uncharted Waters: SMB Importers, 2024 and Red Sea Crisis Lessons

Freightos

Despite these efforts, to date the attacks continue, pushing most major carriers representing over 60% of global container capacity, to alter their routes. The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates.

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Will Trucking Challenges Transform JITS in North America?

QAD

Online shopping : Online shopping and home delivery is competing for the cubic yards of available trucking capacity. Trucking Challenges in North America. But why just in North America? Automotive retail sales models in North America are also disparate compared to places like Europe.

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E2open’s Ocean Shipping Index Reveals Notably Improved Cross-Ocean Transit Time for Global Freight Deliveries

E2open

(NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, today released the Q4 2022 edition of its Ocean Shipping Index, a quarterly report that offers data-driven insights to better manage the movement of goods around the globe and on key lanes between Asia, North America, and Europe.