article thumbnail

Red Sea and Suez Canal Shipping Crisis Update

Freightos

Regional tensions continue to grow, with an Iranian warship entering the Red Sea on Sunday and Iran’s news agency stating that Iranian naval vessels have periodically been in the Red Sea “” to secure shipping lanes, repel pirates, among other purposes since 2009.” to 4 times above normal levels for this time of year.

Shipping 306
article thumbnail

January 3, 2024 Update

Freightos

International tensions are rising as the UK is considering targeting Houthi positions in Yemen and Iran moved a warship to the Red Sea on Sunday, stating that Iranian naval vessels have periodically been in the Red Sea “”to secure shipping lanes, repel pirates, among other purposes since 2009.” America East Coast peak of $22k/FEU.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

This Week in Logistics News (July 4-8, 2016)

Talking Logistics

Air cargo firms feel the pressure from plunge in freight prices (Reuters). More data points this week confirming what we already know: demand for freight transportation is weak, which is leading carriers to cut back on capacity. Global trade volumes fell for the first time since 2009 by 1.7 percent from 3 percent.

article thumbnail

Why Thinking ?Global, Yet Local? Makes Sense in Your Air Freight Strategy

CH Robinson Transportfolio

Earlier this year, my colleague, Bogen Chi, wrote a blog about the top 3 global market trends to watch this year in the air freight market: capacity shortages, peak season pressures, and the bright spot of consolidation. Over the past few years, we have seen many impacting factors on the air cargo market. Peak seasons have returned.

article thumbnail

Ocean Freight Procurement and Going with the Stream

Freightos

Not that long ago, they were the only way people listened to music, peaking at 23 million units sold in Q1 2009. Tenders can take BCOs (Beneficial Cargo Owners) three to five months of preparation, but despite this, the fixed price often breaks down during peak season. Remember iPods? Six years later, that number had dropped to zero.

article thumbnail

U.S. Freight Logistics Industry Recession Continues with Some Hopeful Signs

Supply Chain Matters

Container Shipping Industry The quarterly performance of ocean container shipping lines continue to reflect decreased volumes and significantly reduced profitability levels amid this industry’s reported 30 percent reduction in scheduled route capacity. percent drop in cargo volumes. Commentary Takeaways While the U.S.

article thumbnail

Snapshot of 2023 Predictions for Industry and Global Supply Chains- Part Four

Supply Chain Matters

In 2022, we predicted that consecutive multi-year rate and surcharge increases along with capacity restrictions imposed by major parcel carriers in times of high holiday volume periods were equally unsustainable. The open question is where or if excess capacity is deployed in other trade lanes or placed at anchor. Parcel Segment.