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

Freightos

More Resources Home Ahead of the Curve: How Digitalization Helped Air Cargo Amidst Red Sea Shipping Diversions Joyce Tai April 2, 2024 If there’s one lingering lesson from the supply chain crisis of COVID, it’s that digitization can help organizations navigate crises…but that digitization can’t be put in place DURING that same crisis.

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Flexibility in the Face of Uncertainty

Freightos

Most recently, the recent disruptions in the Red Sea that saw ocean freight rates from China to Europe by over 190% and saw transit times lengthen, sea-air services offered a strategic advantage for logistics professionals able to remain agile, by watching trends and jumping at opportunities to ensure a resilient supply chain.

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This Week in Logistics News (January 27 – February 2)

Logistics Viewpoints

Teradyne , a supplier of semiconductor testing equipment, pulled manufacturing worth about $1 billion out of China last year, a Teradyne spokesperson said on Monday, after U.S. technology from helping China’s military. The big three US airlines saw their cargo revenues decline last year as rates and volumes came under pressure.

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September 6, 2023 Update

Freightos

Air rates – Freightos Air index China – N. kg China – N. Freightos Air Index data shows ex-Asia and transatlantic rates remain more than 40% lower than a year ago though China – N. Freight news travels faster than cargo Get industry-leading insights in your inbox. Europe – N.

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October 4, 2023 Update

Freightos

Air rates – Freightos Air Index China – N. kg China – N. There were more reports of upticks in ex-Asia air cargo demand the last few weeks, and Freightos Air Index data saw China – N. Freight news travels faster than cargo Get industry-leading insights in your inbox. Europe – N.

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This Week in Logistics News (January 20 – 26)

Logistics Viewpoints

Global shipping prices are continuing to rise as Houthi rebels keep up attacks on cargo vessels in and around the Red Sea. The increases are being felt far beyond the disrupted trade routes that link China with Europe and the U.S. Spot-market rates to ship a container from China to Los Angeles rose 38% in the week through Jan.

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September 26, 2023 Update

Freightos

Air rates – Freightos Air Index China – N. kg China – N. In air cargo, more forwarders are reporting signs of life for ex-Asia volumes, which is a good omen for hopes of an air peak this year. Freight news travels faster than cargo Get industry-leading insights in your inbox. Europe – N.

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