article thumbnail

Ahead of the Curve: How Digitalization Helped Air Cargo Amidst Red Sea Shipping Diversions

Freightos

More Resources Home Ahead of the Curve: How Digitalization Helped Air Cargo Amidst Red Sea Shipping Diversions Joyce Tai April 2, 2024 If there’s one lingering lesson from the supply chain crisis of COVID, it’s that digitization can help organizations navigate crises…but that digitization can’t be put in place DURING that same crisis.

Cargo 217
article thumbnail

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. Multiple members of the Intermodal Association of North America (IANA) were the recipients of the funds. percent, or $24.5 billion worth, the survey found.

Insiders

Sign Up for our Newsletter

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

article thumbnail

September 26, 2023 Update

Freightos

America weekly prices increased 4% to $4.41/kg America weekly prices increased 1% to $1.67/kg. Carriers will blank even more capacity – about 20% announced so far – in October to try and push rates back up even as volumes likely decline on this lane too. Asia-Mediterranean prices (FBX13 Weekly) fell 4% to $1,751/FEU.

Asia 250
article thumbnail

September 6, 2023 Update

Freightos

America weekly prices increased 14% to $4.59/kg America weekly prices increased 2% to $1.70/kg. America rates have increased more than 25% since a month ago. Freight news travels faster than cargo Get industry-leading insights in your inbox. Asia-Mediterranean prices (FBX13 Weekly) increased 1% to $2,338/FEU.

article thumbnail

Your 2022 US Ocean Cargo Outlook

CHAINalytics

Because of fourth quarter volume surges, ongoing congestion at ports around the world, and 2021’s (and first quarter 2022’s) limited container availability, demand has outpaced available capacity. Predictably, short-term capacity remains at a premium. This is the second post in a three-part series.

Cargo 126
article thumbnail

September 13, 2023 Update

Freightos

America weekly prices increased 4% to $4.78/kg. America weekly prices fell 1% to $1.68/kg. If demand is easing as capacity continues to increase, carriers will face further challenges to keeping rates elevated. America Freightos Air Index rates to $4.78/kg Asia-Mediterranean prices (FBX13 Weekly) fell 14% to $2,003/FEU.

Asia 290
article thumbnail

October 4, 2023 Update

Freightos

America weekly prices increased 8% to $4.75/kg America weekly prices were level at $1.67/kg. America East Coast prices fell 8% last week and continued their slide so far this week with daily rates at $2,249/FEU, 18% lower than in 2019 and their lowest level since mid-2018. America rates increase 8% last week to $4.75/kg,

Asia 177