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February 7, 2024 Update

Freightos

Disruptions to ocean freight has led to some shift to air cargo as reflected in increased air volumes on some lanes recently. America air cargo rates climbed 14% last week to $6.06/kg, Air cargo demand should also ease as LNY begins and Red Sea-driven air demand should subside as well as ocean operations continue to stabilize.

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April 16, 2024 Update

Freightos

A closure would see Kuwait, Iraq and most of the UAE’s ports become inaccessible. America’s East Coast, alternative ports continue to handle the rerouting away from the Port of Baltimore without reports of significant congestion or with increases in freight rates. The latest National Retail Federation ocean import report for N.