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High freight costs for importers means higher price tags for consumers

Freightos

You might not think about shipping containers and ocean freight when you click “buy” on your Amazon order, but there’s a direct connection between the two. Starting in July 2020, the impact of this trend became obvious when ocean freight prices shot up, and have continued rising. What’s changed in a year?

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Containerized shipping joins modern financial world with CME futures

Freightos

Which brings us to international freight. trillion dollars in 2021 , up 13% from 2019. The cost of importing a 40’ container from China to the United States West Coast grew 1,000% from $1,800 in 2019 to over $20,000 in September 2021 according to our Freightos Baltic Index (FBX). Hedging for freight price volatility.

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Less Than Truckload Shipping Trends to Wrap Up 2018

GlobalTranz

Shipping rates will continue to soar, and demand for more capacity will push the stretched industry to its breaking point, says Michael Angell of Freight Waves. As consumers take to their favorite retailers, also due in part to the strong economy, volume shipped will increase. Get Your Free Copy Here. Download eBook.

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The Current State of LTL Freight in 2018

GlobalTranz

Less-than-truckload (LTL) freight is in the midst of a boom. The state of LTL freight offers a grand opportunity to overcome the significant obstacles created through economic growth, e-commerce, and global markets. The driving forces are contributing to higher LTL use in the remnants of 2018 and into 2019. Trends affecting LTL.

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The State of Digital Freight: The 4×4 Blueprint for Freight 2020

Freightos

The journey to digitize freight, while initially off to a slow start, has gained momentum in the last two or three years. They’re licensed to be an ocean freight forwarder, and they’ve bought some aircraft and an airport; and of course they are a huge warehousing player. Online freight booking. Technology.

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COVID’s Supply Chain Ripples: the SME Business Perspective

Freightos

But then global freight kicked in. . It really got tricky when we hadover thousands of unitsin production and were starting to book freight and suddenly realized that the cost of freight was almost 4 or 5X what we had budgeted. You can hear the full interview with Conor in our podcast series, Ship Happens. .

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Red Sea and Suez Canal Shipping Crisis Update

Freightos

More Resources Home Red Sea and Suez Canal Shipping Crisis Update Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Even with an international naval force in place, Houthi attacks on commercial vessels in the Red Sea continue. Rates to N.

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