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

Logistics Viewpoints

She also said the company planned to ask workers to return to the office five days a week in 2024. percent drop in annual sales, UPS forecast a 2024 upswing of as little as 1.1 Higher labor costs and lower package demand resulted in fourth-quarter sales and 2024 guidance that missed analysts expectations. percent in early U.S.

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January 30, 2024 Update

Freightos

More Resources Home January 30, 2024 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. Air rates – Freightos Air Index China – N.

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October 25, 2023 Update

Freightos

Air rates – Freightos Air Index China – N. kg China – N. Reports by many major retailers that inventories are now under control is a positive sign for the possibility of a restocking cycle after the holidays if spending holds up. Europe prices (FBX11 Weekly) increased 3% to $978/FEU. Europe – N.

Asia 177
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Report That Global Ocean Container Rates on the Decline

Supply Chain Matters

The sub-text of this report is that much of the cargo that has been planned for either back-to-school, fall, and holiday related fulfillment is either in-transit or mostly already arrived at warehouses. The report’s cited data from the Freightos Baltic Index indicates that shipment of a 40-foot container from China to the U.S.

Report 52
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Panama Canal Drought: Lower Water Levels, Higher Supply Chain Risk

Resilinc

Weight limits have also been adjusted, forcing some ships to unload and transport cargo to the other side of the canal via train—increasing transportation costs. The main countries affected by the drought are China, Japan, South Korea, and the US, as the Panama Canal facilitates 46% of container movement from northeastern Asia to the US.

Panama 62
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August 29, 2023 Update

Freightos

Air rates – Freightos Air index China – N. kg China – N. And while a recent analysis shows US retail inventory levels are decreasing , they remain elevated, and, together with slowing sales, will likely push off a significant restocking cycle and freight rebound until mid-2024.Taken China – N.

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Supply Chain Uncertainties Leave Industries on Edge

Intelligent Audit

Despite falling short of last year’s holiday shipping traffic expectations, CEO Carol Tomé predicts a strong peak season in 2023, saying in a late July Earnings Conference Call , “ Inventory levels are good. Air Cargo Volumes Normalizing YoY, but Concerns Remain. Retailers are brought in to sell. Where last year, they didn’t.