article thumbnail

Freight Market Snapshot: Houthi Attacks in Red Sea and Suez Canal News Updates

Freightos

But with alternative routes and plenty of excess capacity available, operations should continue reasonably well, and freight rates are unlikely to spike to extreme highs. With the other major carriers also rerouting now, it is likely freight rates will rise for Asia – N. This has profound implications.

Freight 250
article thumbnail

E2open’s Ocean Shipping Index Reveals Notably Improved Cross-Ocean Transit Time for Global Freight Deliveries

E2open

Latest report highlights how lessened demand for goods from Asia has continued to reduce port congestion, resulting in an average eight-day decrease in total time from booking to receipt compared to the year-ago period. Companies can use this data to make informed decisions on when to book ocean freight.

Insiders

Sign Up for our Newsletter

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

article thumbnail

This Week in Logistics News (February 12 – 18)

Logistics Viewpoints

This year, with the LA Rams being Super Bowl champs, Good360 said it will ship thousands of “unsellable” Bengals-branded hats, T-shirts, hoodies, sweatshirts, COVID-19 masks, and scarves to struggling people in Africa, Asia, Eastern Europe and the Middle East. Bridge linking US and Canada reopens after police remove last protesters.

article thumbnail

This Week in Logistics News (May 28 – June 3)

Logistics Viewpoints

Volume from Asia has slowed, as have the number of vessels coming to the port, according to the release. The dairy industry says USTR should be ready to continue with additional actions to hold Canada accountable to its USMCA obligations if the consultations fail. s CargoNet.

article thumbnail

This Week in Logistics News (July 16 – 22)

Logistics Viewpoints

FedEx Express introduces new routes between Asia and Europe. Körber acquires enVista’s omni-channel and global freight audit and payment services. FedEx Express has announced the launch of a new route between Asia and Europe. We will have to wait and see. And now on to this week’s logistics news.

article thumbnail

December 19, 2023 Update

Freightos

More Resources Home December 19, 2023 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 – N. kg China – N. Europe – N.

article thumbnail

July 11, 2023 Update

Freightos

Blog " * " indicates required fields Email * More Resources Home July 11, 2023 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.