Freightos

APRIL 9, 2024

America weekly prices decreased 13% to $3.66/kg America weekly prices fell 7% to $1.87/kg. America have decreased by more than 30% from their February peaks, and to N. America have increased 95% since mid-December to $5.40/kg America and $1.81/kg America and N. kg China – N. Europe – N.

Baltimore 247

Baltimore Asia Panama Europe 247

Logistics Viewpoints

MAY 26, 2023

A severe drought affecting the Panama Canal is forcing container vessels to lighten their loads and pay higher fees, with further increases in the cost of shipping cargo through the canal expected this summer.

Negotiating Skills 202

Negotiating Skills Pricing Training Jordan Purchasing Training 202

Freightos

MARCH 19, 2024

America weekly prices increased 50% to $5.94/kg. America weekly prices increased 3% to $2.15/kg. America and 7-10% to N. America West Coast now 24% lower than its February peak, and prices to N. America rates above normal, with carriers reportedly adding capacity for the coming month in anticipation of improving volumes.

Asia 261

Asia Europe America China 261

Freightos

JANUARY 3, 2024

America vessels will also be higher than usual as several carriers had already rerouted some services – that normally transit the Panama Canal on their way to the East Coast – to the Suez to avoid possible Panama Canal drought-driven delays and extra costs. America containers, and $500/FEU surcharges for all Asia – N.

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Freightos

NOVEMBER 7, 2023

America weekly prices increased 21% to $5.72/kg America weekly prices increased 2% to $1.82/kg. America spiked 21% to $5.72/kg Asia-Mediterranean prices (FBX13 Weekly) increased 13% to $1,551/FEU. Air rates – Freightos Air Index China – N. kg China – N. Europe weekly prices fell 2% to $4.21/kg. kg last week.

Negotiating Skills 286

Negotiating Skills Price Reduction Vendor Strategies Cost Reduction Strategies 286

Freightos

DECEMBER 28, 2023

America weekly prices were level at $5.85/kg. America weekly prices dipped 6% to $2.09. America operations and rates will likely be impacted as well. America containers, and $500/FEU surcharges for all transpacific shipments starting in mid-January, though surcharge announcements for N. China – N. Europe – N.

Negotiating Skills 194

Negotiating Skills Price Reduction Asia Vendor Strategies 194

Freightos

NOVEMBER 15, 2023

America weekly prices decreased 3% to $5.56/kg America weekly prices climbed 1% to $1.84/kg. New transit reductions in the Panama Canal are already causing increases in congestion , and impacting some perishables trade between South and North America, though large container carriers have so far not been impacted strongly.

Price Reduction 259

Price Reduction Negotiating Skills Vendor Strategies Resource Reduction 259

Freightos

FEBRUARY 13, 2024

America weekly prices decreased 35% to $3.91/kg America weekly prices fell 1% to $2.03/kg. America continued to climb last week, though not as sharply as in January, with daily rates so far this week showing some leveling off. America demand expected to grow relative to last year and to 2019, overcapacity looms.

Negotiating Skills 194

Negotiating Skills Optimal Sourcing Asia Europe 194

Freightos

AUGUST 29, 2023

America weekly prices increased 6% to $4.02/kg America weekly prices fell 4% to $1.67/kg. The Panama Canal Authority announced that low-water restrictions will likely stay in place for at least ten months , though there has not been any significant impact on container shipping via the canal yet. kg China – N.

Price Reduction 258

Price Reduction Asia Europe Resource Reduction 258

Freightos

AUGUST 23, 2023

America weekly prices increased 7% to $3.81/kg America weekly prices fell 1% to $1.74/kg. Asia-Mediterranean prices (FBX13 Weekly) fell 3% to $2,327/FEU. Air rates – Freightos Air index China – N. kg China – N. Europe weekly prices were level at $3.00/kg. Europe – N.

Price Reduction 221

Price Reduction Resource Reduction Panama Asia 221

The UCLA Anderson Global Supply Chain Blog

AUGUST 8, 2016

In June 2016, the Panama Canal will double its capacity, and this capacity expansion will undoubtedly reshape the freight flows around the globe, including those transiting through the Port of Los Angeles (click here for a past blog related to this subject). However, the capacity expansion of the Panama Canal may change this shipment pattern.

Los Angeles 60

Los Angeles Panama Long Beach United States 60

Supply Chain Matters

NOVEMBER 14, 2023

Hyundai Motor America To Raise Auto Worker Wages In our prior Supply Chain Matters commentaries reflecting on the UAW labor union’s tentative collective bargaining agreement with U.S. Hyundai Motor America announced this week that the automaker will raise certain U.S. production worker hourly wages starting in January 2024.

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3PL Insights

JULY 28, 2016

The Panama Canal was originally constructed as a way to increase maritime trade in the Americas, and it is the largest American engineering feat undertaken in history. And now, over a century after its original completion, the Panama Canal has once again been expanded. Panama Canal, Panama City, Panama, Central America.

Panama 56

Panama United States Real Estate America 56

Freightos

DECEMBER 19, 2023

America weekly prices were level at $5.86/kg America weekly prices increased 3% to $2.22/kg. America traffic. Asia-Mediterranean prices (FBX13 Weekly) increased 12% to $2,414/FEU. Air rates – Freightos Air Index China – N. kg China – N. Europe weekly prices increased 30% to $4.78/kg. Europe – N.

Negotiating Skills 224

Negotiating Skills Asia Europe Optimal Sourcing 224

Talking Logistics

APRIL 15, 2015

This announcement follows a meeting between President Obama and Cuban President Raul Castro this past weekend at the Summit of the Americas, the first meeting between the leaders of both countries in almost 60 years. Being the son of Cuban immigrants, people always ask me what I think about these developments. This should put U.S.

Cuba 100

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Freightos

JUNE 21, 2023

In the near-term, the West Coast might enjoy an increase in volumes at the expense of alternative destinations as drought-driven low water levels in the Panama Canal are getting worse , with added restrictions announced for July that could significantly reduce the number of daily transits possible via the canal. China – N.

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Negotiating Skills Panama Asia Cargo 156

Freightos

JULY 26, 2023

America prices increased 1% to $4.29/kg America prices fell 1% to $1.80/kg. The Panama Canal Authority has also announced reduced daily transits starting in August due to persistent low-water levels, which could also put some upward pressure on East Coast rates. Air rates – Freightos Air index China – N.

Negotiating Skills 156

Negotiating Skills Price Reduction Resource Reduction Asia 156

Freightos

JUNE 27, 2023

America and Europe this year. The Panama Canal Authority announced that, due to weather conditions that have recently improved the canal’s watershed, it has canceled additional draft restrictions meant to go into effect shortly which could have further limited the canal’s capacity, and possibly pushed rates up. China – N.

Asia 156

Asia Price Reduction Europe Resource Reduction 156

APICS

JUNE 24, 2016

According to the American Society of Civil Engineers, the Panama Canal is one of those wonders. The canal accommodates about one-third of Asia-to-Americas trade but required infrastructure upgrades to keep up with the latest shipping trends.

Panama 48

Panama Iraq Egypt Turkey 48

Supply Chain Brain

MARCH 31, 2021

North America, an integrated container logistics company, has announced the start of a new service linking ports in Vietnam and China with the US East Coast via the Panama Canal, starting in May 2021. Maersk Inc.

Asia 79

Asia North America Panama Vietnam 79

Freightos

AUGUST 8, 2023

America weekly prices decreased 12% to $3.48/kg America weekly prices fell 6% to $1.69/kg. Another factor for Asia – US East Coast rates is the low water level in the Panama Canal. Asia-Mediterranean prices (FBX13 Weekly) increased 18% to $2,345/FEU. Air rates – Freightos Air index China – N. Europe – N.

Price Reduction 175

Price Reduction Resource Reduction Asia Europe 175

The UCLA Anderson Global Supply Chain Blog

JULY 21, 2014

  The Port of LA is America's #1 container port. Several key threats are noteworthy: Competition: Panama Canal expansion: it's expected to be completed in 2015; there's already been some debate about how it will affect LA, for instance, an LA Times article in 2011 predicted a 25% decrease in business for LA.

Los Angeles 60

Los Angeles Nicaragua Long Beach Panama 60

Resilinc

MARCH 5, 2024

Here’s a look at two recent major droughts that have impacted supply chains: Panama Canal Drought Impact on Supply Chain In 2023, the Panama Canal, one of the world’s most important waterways, faced one of the driest years in over 140 years. In April, the Panama Canal Authority will reevaluate water levels.

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Supply Chain View from the Field

DECEMBER 5, 2014

For example, the widening of the Panama Canal will change the conditions here in North Carolina, as enormous container ships will be circumnavigating the globe. And in Panama a huge transshipment area will grow where they will will do break bulk, put cargo onto smaller ships and send to North America.

Supply Chain Network Software 68

Supply Chain Network Software Meeting Transportation North Carolina 68

MIT Supply Chain

JUNE 3, 2021

As companies look to restructure their global supply chains in response to the Covid-19 pandemic and other disruptive forces, the Latin America and Caribbean (LAC) region has an opportunity to become the next manufacturing and logistics hub. Further reading Transportation in the Americas: A Cross-Country Comparison Moving Out of China?

Costa Rica 52

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Supply Chain Opz

NOVEMBER 30, 2015

for example, many of the east coast ports have expanded exponentially over the past decade in preparation for the Panama Canal expansion; however, it is unclear whether increased activity in the canal will lead to more business for these ports. In North America the low hanging fruit for long-haul loads is rail. In the U.S.,

Rail Software 100

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The Logistics of Logistics

MAY 11, 2022

Tompkins Ventures is headquartered in Raleigh, NC with partners spanning Africa, Asia, Australia, Brazil, Canada, Central America, China, Germany, Indonesia, Israel, Panama, Mexico, United Arab Emirates, United Kingdom, United States. Key Takeaways: Supply Chains in VUCA Environments. VUCA Environments.

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Abivin

DECEMBER 5, 2022

These routes are typically found connecting important marketplaces with active commercial trade systems, such as Western Europe, North America, and East Asia. In reality, appointment and price systems must be used to control capacity for interoceanic canals like the Panama and Suez. Potential for closure or interruption.

Panama 52

Panama Egypt Asia 52

Elementum

MARCH 23, 2018

Shorter, more direct routes between Asia and ports in Europe and eastern North America would mean faster trips, reduced shipping costs, and fewer greenhouse gas emissions per trip. the Suez and Panama Canals) remains a point of contention. Not All Smooth Sailing From Here.

Shipping 74

Shipping Cost Reduction Strategies Russia Finland 74

SYSPRO Smarter ERP

JANUARY 19, 2022

For example, one of the main problems with Asian-US trade is that all container ship deliveries are now routed to the West Coast, even though the bulk of America’s manufacturers are based on the East Coast. This is to avoid more costly routes such as the Panama Canal or taking the long haul around the tip of Africa or South America.

Manufacturing Procurement 105

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Enterra Insights

FEBRUARY 7, 2024

Journalist Andrew Freedman explains, “Geopolitical risks in the Red Sea and extreme weather in Central America are converging, jostling global supply chains fed by the Suez and Panama Canals.”[5] … In Panama, the drought is tied partly to the El Niño climate cycle, along with long-term, human-caused climate change.

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Elementum

MARCH 23, 2018

Shorter, more direct routes between Asia and ports in Europe and eastern North America would mean faster trips, reduced shipping costs, and fewer greenhouse gas emissions per trip. the Suez and Panama Canals) remains a point of contention. Not All Smooth Sailing From Here.

Shipping 60

Shipping Cost Reduction Strategies Russia Finland 60

Freightos

JANUARY 24, 2024

America weekly prices decreased 10% to $4.8/kg. America weekly prices increased 5% to $1.94/kg. America West Coast prices nearing the $3k/FEU mark, rates to the East Coast and N. America have eased since the start of the year, prices from South Asia to N. Air rates – Freightos Air Index China – N.

Negotiating Skills 224

Negotiating Skills Asia Optimal Sourcing Europe 224

Vinculum

JULY 24, 2019

1) North America. 2) South America. North America. Amazon operates in 16 other countries in North America, South America, Europe, Asia and Oceania region. South America. Dafiti, one of the newest marketplaces in Latin America, attracts over 25 million unique visitors per month. 3) Europe. 4) Africa.

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Logistics Network Optimization Software Indonesia Brazil Electronics 45

Freightos

DECEMBER 6, 2023

America weekly prices were level at $6.30/kg America weekly prices rose 2% to $2.14/kg. Though rates haven’t responded yet, other signs have started emerging that tightening Panama Canal restrictions are starting to impact the container market. America rates were level but remained elevated at $6.30/kg kg China – N.

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Negotiating Skills Price Reduction Asia 243

Resilinc

JULY 19, 2022

At the same time, street blockades and trucker strikes are exacerbating those desabastecimientos in population centers such as Panama City. A new Resilinc Special Report: Impact of Strikes on the Global Shipping Industry describes disruptive strikes and protests across Asia, Europe, and the Americas.

Sri Lanka 62

Sri Lanka Supply Chain Software Global Negotiating Skills 62

Freightos

DECEMBER 13, 2023

America weekly prices decreased 7% to $5.88/kg America weekly prices climbed 1% to $2.16/kg. Reports of more carriers avoiding the Panama Canal in favor of the longer route around Africa’s southern tip will lead to more surcharges in the coming weeks. Asia-Mediterranean prices (FBX13 Weekly) increased 29% to $2,161/FEU.

Negotiating Skills 224

Negotiating Skills Optimal Sourcing Price Reduction 224