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Just when it seemed that 2024 would be a very welcome year of “normal” supply chains, the Red Sea crisis proved that for global supply chains, there is no such thing. With this fresh in mind, how are small and medium-sized importers preparing for 2024? And the answer lies in how their 2023 went too.
For the past few years, the air cargo market has greatly benefited from international e-commerce. According to the International Air Transport Association (IATA), 80% of e-commerce is transported by air and makes up upwards of 30% of total air cargo volume. Rethinking supply chains is a reader-supported publication.
More Resources Home Welcoming Shipsta to Freightos Zvi Schreiber August 19, 2024 Today, I’m beyond excited to share some big news with you — Freightos has acquired Shipsta! Crossing one million bookings annually in 2023, we’ve made significant headway in digitizing spot freight pricing and bookings, especially in air cargo.
May air cargo volumes rise amid global disruption Freight market pressured again in May, Cass data shows General Motors (GM) is accelerating sustainability efforts in its supply chain, focusing on logistics, materials, packaging, and supplier engagement. May air cargo volumes continue to rise amid global disruptions. percent in Q1.
In 2023—if it wasn’t already—geopolitics became top of mind for every procurement professional. This year, managers and procurement professionals must stay incredibly diligent when it comes to the latest news. In this blog, we uncover the top geopolitical supply chain risks of 2024 so you can proactively prepare your supply chain.
AI Popup #3) AI Popup #3 August 10, 2024 Dive deeper into freight data that matters Learn More For anyone who has played around with ChatGPT or Midjourney, it’s now clear that AI has the potential to be an incredible tool for enhancing efficiency and productivity.
Prepare your business for the stormy seas of the 2024 hurricane season. Outlook for hurricane season 2024 This year, hurricane season starts June 1, 2024, and ends November 30, 2024, and will primarily affect the Atlantic Ocean, the Gulf of Mexico, and the Caribbean Sea. What sets this year’s hurricane season apart?
Two recently published studies identify the top disruptions that impacted industry, business and global supply chains during 2024 and our expected to be present in 2025. Resilinc Study Supply chain risk management technology provider Resilinc released this week this providers findings of the top drivers of supply chain disruptions for 2024.
Oliver Esch of procurement platform Shipsta by Freightos – which also asks their partners to use their formats – explained that this approach can really only provide piecemeal improvements in efficiency until industry-wide standards are developed.
The DPP is a key part of the EU’s broader Ecodesign for Sustainable Products Regulations (ESPR), which officially entered into force in July of 2024 as part of the region’s stated desire to “accelerate the transition to a circular economy model.”
Today about 90% of non-bulk cargo worldwide is transported by a container. Flagship, a European innovation project, will deploy the world’s first commercial cargo transport ship fitted with hydrogen fuel cells. Consolidating a variety of products into containers has lowered shipping costs and decreased lead-times.
AI Popup #3) AI Popup #3 Charles Marrale July 31, 2024 Dive deeper into freight data that matters Learn More For anyone who has played around with ChatGPT or Midjourney, it’s now clear that AI has the potential to be an incredible tool for enhancing efficiency and productivity.
billion acquisition of Generative AI start-up MosiacML in 2023, and the upwards on $1 billion acquisition of data management start-up Tabular in 2024. including its global supply chain sustainability software offering for beneficial cargo owners (BCOs) , enterprise supply chain leaders and logistics service providers (LSPs).
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. America air cargo rates climbed 11% last week to $5.33/kg,
billion yuan listed on its books as of the end of June 2024, through delaying its payments to suppliers and other related financing. A report by accounting consultancy GMT Research puts BYD’s true net debt at closer to 323 billion yuan, compared with the 27.7
Interest in Canadian commodities demonstrates how the war in Ukraine is affecting global trade flow: Producers of Canadian oil and natural gas could raise production by 300,000 barrels a day, while Cameco (the country’s largest producer of uranium) has announced increased output at a northern Saskatchewan mine by 10 million pounds by 2024.
More Resources Home January 16, 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. Europe prices (FBX11 Weekly) increased 8% to $4,757/FEU.
Walmart previously scaled back its drone deliveries in 2024, when it ended the service in Utah, Arizona and Florida, in favor of focusing on remaining operations in Dallas-Fort Worth, Arkansas and Virginia. Eligible products include fresh produce, household essentials and various snack foods.
More Resources Home January 10, 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. Europe prices (FBX11 Weekly) increased 176% to $4,391/FEU.
Although CP praised Hajdus directive as an opportunity for workers to have a voice in the collective bargaining process, the CUPW criticized the move in a June 12 release as "yet another assault on our collective bargaining rights," citing how the union was also forced by the Canadian government to end a 33-day strike in December 2024.
Air cargo market growth rises for fourth consecutive month. DHL has released its Air Freight State of the Industry report for March 2024, which indicates continued growth for the sector after a strong pre-Chinese New Year surge. The latest report from Deloitte and The Manufacturing Institute reveals there could be as many as 3.8
More Resources Home February 13, 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. Europe prices (FBX11 Weekly) fell 8% to $4,697/FEU.
More Resources Home February 22, 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. Europe prices (FBX11 Weekly) fell 2% to $4,587/FEU.
More Resources Home February 28, 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. Europe prices(FBX11 Weekly) fell 1% to $4,553/FEU.
More Resources Home A Roadmap for the Future of Logistics The role of neutral booking and payment platforms in logistics Ian Arroyo June 3, 2024 The logistics industry has been undergoing a profound digital transformation, a journey articulated with striking clarity in Freightos’ latest white paper, “Global Freight’s Digital Transformation”.
I recently chatted with Ron Lazo, vice president of professional services at Manhattan Associates, for an upcoming Air Cargo World podcast and I asked Ron what his customers are telling him about their current and future transportation needs. billion in 2024, a 60% growth from 2019. TMS has come a long way since its early days. .
Supply Chain Matters provides highlights for the recently released Allianz Safety and Shipping Review 2024 Report. Safety and Shipping Review 2024 Report Global commercial and specialty insurance provider Allianz Commercial has released its annual review of trends and developments in global shipping and safety. All rights reserved.
More Resources Home January 3, 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. Asia-US East Coast prices (FBX03) climbed 55% to $3,900/FEU.
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. America East Coast peak of $22k/FEU.
Judah Levine November 28, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,613/FEU. Asia-US East Coast prices (FBX03 Weekly) fell 1% to $2,362/FEU.
Judah Levine December 19, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 3% to $1,556/FEU. Asia-US East Coast prices (FBX03 Weekly) were level at $2,509/FEU.
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.
Added safety and health protections are also included that outline installation of vehicle air conditioning and cargo ventilation in all larger delivery vehicles, sprinter vans, and package cars purchased after Jan. All existing delivery vehicles will be equipped with two fans and air induction vents in cargo compartments.
Specifically, this report observes: “ Rising freight rates are a new source of concern in the global supply chain with forecasts warning that ocean cargo prices could reach $20,000 — potentially even touch the Covid era peak of $30,000 — and stay there into 2025.” Need a further evidence point, consider that global carriers such as A.P.
Added safety and health protections, to include vehicle air conditioning and cargo ventilation in all larger delivery vehicles, sprinter vans, and package cars purchased after Jan. All existing delivery vehicles will be equipped with two fans and air induction vents in cargo compartments.
Despite this lack of understanding, a 2024 McKinsey survey found that 71% of companies were using generative AI in at least one business function. Featured Product Popular Stories End to De Minimis Slows Flow of Air Cargo from China to U.S. There are a lot of companies that are investing in this technology,” he says.
Imagine receiving a message from an ocean carrier notifying you that all the cargo aboard a vessel, including yours, has been impounded—and the only way you can retrieve it is a boat load of cash or a guarantee at the very least. The amount they’re expected to contribute is based upon the total value of the ship’s cargo.
As we step into 2024, the world of logistics isn’t what it used to be. It helps coordinate the various supply chain activities, which include the complete range of procurement, development, implementation, commercialization, and delivery of the goods or services to the market. We’ve all been witness to this!
However, a recent development has been a statement from UPS aircraft pilots, members of a different labor union, that they intend to honor any picket lines and refuse to operate cargo flights if Teamsters union members actually walk out. Retailers are encouraging online buyers to pick-up in stores to keep parcel volume levels lower.
percent drop in cargo volumes. The industry will likely not know the answer until 2024. That stated, Maersk executives noted: “ proactive cost containment measures have been successful, and the Ocean contract negotiation season is proceeding in line with expectations.
After securing access to TuffAir’s materials, Amazon abruptly ceased communications, only to unveil a remarkably similar regional air cargo model within months, based on the same technical, operational and strategic elements TuffAir had disclosed,” the company alleged in its legal filing. No comment as yet on the suit from Amazon.
Aimee Loshinsky January 25, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo In Freightos Q4 2023 KPI press release , we announced that the company surpassed one million bookings across the platform in 2023. Freight is digitizing itself now at real scale.
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