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October 25, 2023 Update

Freightos

More Resources Home October 25, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices were level at $4.80/kg

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Air Cargo is Gaining Momentum in 2023

American Global Logistics

Air freight has evolved dramatically, especially after the pandemic. As we navigate the third quarter of 2023, it's time to examine air cargo's role in global commerce. Since then, air freight has adapted to various market demands and technological advancements. billion in 2023 to $81.15 billion in 2026.

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

Logistics Viewpoints

UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and over capacity. More than $728 million is on the way to communities around the nation to bolster intermodal freight infrastructure. The money is coming through the U.S.

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The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. It serves as the compass guiding shippers toward efficient, economical, and dependable cargo transport.

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

Freightos

And the answer lies in how their 2023 went too. The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. Exploring alternative shipping routes and modalities, including air cargo, is crucial despite the higher costs.

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National Logistics Day 2023

Enterra Insights

Just 14 years later, the first air cargo flight took place in 1910. By having more efficient delivery routes, warehouses, and inventory systems in place, companies can reduce their operational costs while still delivering great customer service.” 5] Staff, “ National Logistics Day 2023 ,” Logistics Plus. [6]

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Back to Logistics Tech School, 2022: the Lost Peak Season, the lingering COVID impact and more

Freightos

The low rates that triggered Hanjin’s bankruptcy in 2017 quickly became a thing of the past, as surging demand, congestion, and a litany of global shipping catastrophes pushed ocean freight rates into the stratosphere. While high, the shipping costs typically paled in comparison to the lost sales due to inventory shortages. Signup Now.

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