This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
” Siddharth Priyesh, CrimsonLogic’s Vice President & Head of the Americas, Europe , Middle East , Africa & South Asia , echoed the sentiment, “We are thrilled to partner Newage to deliver an integrated solution for customs compliance.
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.
However, there is one area that Asia could do better to show true global leadership: sustainable growth that respects the environment. Asia Pacific is often looked upon as a slow mover for de-carbonization — the one that only follows what is “required” by the West. When moving cargo, can shipments be consolidated more?
Chris Cser and Joe Lynch discuss global giants – ICAT moves the world’s largest cargo. Summary: Global Giants: ICAT Moves the World’s Largest Cargo In this podcast, Chris Cser, Director of Operations at ICAT Logistics, takes us on a journey through the complex world of global logistics. Getting through customs.
East Asia – April 29, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. Blog Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 1% to $2,328/FEU. China – N. Europe – N.
Judah Levine November 21, 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) decreased 8% to $1,573/FEU. Asia-US East Coast prices (FBX03 Weekly) decreased 2% to $2,383/FEU.
Visit our Resource Center Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) decreased 5% to $1,778/FEU. Asia-US East Coast prices (FBX03 Weekly) fell 8% to $2,650/FEU. Asia-Mediterranean prices (FBX13 Weekly) fell 4% to $1,751/FEU. Freightos Air Index data show Asia – N.
Visit our Resource Center Weekly highlights Ocean rates – Freightos Baltic Index : Asia-US West Coast prices (FBX01 Weekly) decreased 5% to $1,927/FEU. Asia-US East Coast prices (FBX03 Weekly) were level at $3,079/FEU. Asia-Mediterranean prices (FBX13 Weekly) increased 1% to $2,338/FEU. Though Asia – N.
Judah Levine August 6, 2024 Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 10% to $6,891/FEU. Asia-US East Coast prices (FBX03 Weekly) fell 2% to $9,661/FEU. Asia-Mediterranean prices (FBX13 Weekly) increased 2% to $7,959/FEU. Prices from Asia to N.
The Suez Canal Blockage of 2021 has cleared, and cargo is again flowing through that crucial gateway from Asia to Europe. While the immediate impact may have subsided after a week of fingernail biting, significant delays, and forced re-routings, lessons learned will hopefully stay with the supply chain industry for a long time to come.
Judah Levine September 10, 2024 Weekly highlights Ocean Rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) stayed level at $6,837/FEU. Asia-US East Coast prices (FBX03 Weekly) fell 3% to $9,130/FEU. Asia-Mediterranean prices (FBX13 Weekly) fell 4% to $6,011/FEU. America and Europe were $5.82/kg
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.
However, at its heart, production in the Asia-Pacific region was severely curtailed for a period of time for issues ranging from the COVID impact on worksites to energy shortages, to port capacity limits. They’re impacting every participant of the business community and they have everyone’s attention.
Judah Levine July 9, 2024 Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 12% to $7,864/FEU. Asia-US East Coast prices(FBX03 Weekly) climbed 6% to $8,787/FEU. Asia-Mediterranean prices(FBX13 Weekly) climbed 8% to $7,782/FEU. America and 10% to $1.88/kg
Similarly, our Freightos Air Index (FAX) offers the same level of insight for air cargo rates. Our data showed that spot rates on Asia-Europe routes increased by over 70% during this period, but our customers who acted quickly based on Terminal insights secured capacity at just 25-30% above pre-crisis levels.
Global shipping lines have become increasingly strained as the Houthi militia in Yemen broadens its attacks on cargo vessels, one of the largest companies in the industry warned on Monday. Since late last year, the Houthis have been attacking ships in the Red Sea, which cargo vessels from Asia have to travel through to reach the Suez Canal.
Visit our Resource Center Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) decreased 5% to $1,687/FEU. Asia-US East Coast prices (FBX03 Weekly) decreased 8% to $2,434/FEU. Asia-Mediterranean prices (FBX13 Weekly) fell 9% to $1,587/FEU. Asia – N.
Land travel restrictions in Asia extended Chinese New Year, dropping ocean freight demand, which, just weeks later, spiked when the shutdown ended. Meanwhile, massive passenger airline restrictions dramatically reduced air cargo capacity, sending rates through the roof. In 2019, digital freight isn’t a vision; it’s a reality.
Global shipping prices are continuing to rise as Houthi rebels keep up attacks on cargo vessels in and around the Red Sea. Several cargo vessels were struck by missiles or drones during the past week. Cargo theft incidents were up more than 57 percent in 2023 compared with the year prior, according to CargoNet, a Verisk company.
million+ transactions annually This network effect means better visibility, more competitive rates, and unparalleled connectivity across the global logistics landscape.
The port handles about 11 million tons of cargo per year, including automobiles, containers, coal, and farm products. The port serves as a gateway for importing vehicles from Europe, Asia, and South America, as well as exporting vehicles to the Middle East, Africa, and other regions.
Cargo losses escalate as thieves target cars, electronics. The Port of Oakland reported cargo in April dropped 7 percent compared to the same period a year ago due to factory and port shutdowns in China. Volume from Asia has slowed, as have the number of vessels coming to the port, according to the release. s CargoNet.
It’s having an impact mainly in Europe and Asia. But now ships between Europe and Asia are instead going around the Cape of Good Hope on the southern tip of Africa, which can add anywhere from 10 days to a month of travel time compared to the Red Sea/Suez Canal route.
Elaine Low, managing director for Southeast Asia and Pacific, CEVA Logistics said, ‘‘ At CEVA Logistics, we believe our global presence gives us a great responsibility in the communities in which our employees live and work. Making Asia a Leader – One Green Initiative at a Time. Photo Credit: United Airlines.
Visit our Resource Center Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,548/FEU. Asia-US East Coast prices (FBX03 Weekly) dipped 1% to $2,219/FEU. Asia-Mediterranean prices (FBX13 Weekly) fell 1% to $1,480/FEU. Prices from Asia to the US East Coast and N.
It turns out that these bugs were recently, and accidentally, introduced to the US from east Asia. Long Beach, LA ports set June cargo records. The influx of cargo is due to several reasons, according to port officials. He went on to inform me about stink bugs and how they smell terrible when smushed. Food Inflation Jumps 10.4%
With the contraction of air capacity and the unprecedented level of imports to the United States from Asia, logistics constraints grew in importance in the pandemic. The lack of chassis and the need to return empty containers to Asia paralyzes North American ocean freight. Next Steps.
Visit our Resource Center Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) decreased 3% to $1,499/FEU. Asia-US East Coast prices (FBX03 Weekly) fell 4% to $2,141/FEU. Asia-Mediterranean prices (FBX13 Weekly) fell 5% to $1,400/FEU. Asia – N.
Visit our Resource Center Weekly highlights Ocean rates – Freightos Baltic Index : Asia-US West Coast prices (FBX01 Weekly) decreased 1% to $1,866/FEU. Asia-US East Coast prices (FBX03 Weekly) fell 5% to $2,884/FEU. Asia-Mediterranean prices (FBX13 Weekly) fell 9% to $1,818/FEU. Asia – N.
Visit our Resource Center Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) decreased 11% to $1,499/FEU. Asia-US East Coast prices (FBX03 Weekly) fell 8% to $2,245/FEU. Asia-Mediterranean prices (FBX13 Weekly) fell 6% to $1,490/FEU. Asia – N.
Today, 75 to 80% of cargo arrives on time. It fixed a glaring business problem in the industry – a tacit understanding that container liners would charge extra, on top of existing fees, if they had a container they could ship for more (rolled cargo). As long as you know which 75 to 80% is, you can provide a guarantee on that.
Visit our Resource Center Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 4% to $1,564/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 3% to $2,213/FEU. Asia-Mediterranean prices(FBX13 Weekly) fell 2% to $1,370/FEU. Asia – N. Asia – N.
It means being able to see where a shipment or an order is while it’s in transit — whether on a truck, a railcar, an ocean liner or a cargo plane — anywhere in the world. Contrast that with Southeast Asia, where we have to fill the gap with cell phone triangulation. Global supply chains are mind-bogglingly complex.
East Asia – April 29, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. April 29, 2025 Blog Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 1% to $2,328/FEU. China – N.
Thousands of flights were grounded or delayed at the world’s largest air freight hubs in Europe, Asia and North America. billion ‘Green Gateway’ rail expansion The CrowdStrike software bug that crashed Microsoft operating systems and caused the largest IT outage in history caused disruptions at U.S.
As a Global Air Hub , Container Shipping &Transhipment Mega Port and Regional Logistics Node in Asia Pacific ,Singapore’s Trade dependent economy plunged into unprecedented negative economic growth. Lives and Livelihoods were adversely affected impinging on almost all sectors of the local economy save for essential services.
Nikkei Asia ). Imports from Asia to the United States increased by 40% from 2019 to 2021, while the volume of exports remained almost unchanged. Retailers like Amazon are chartering private cargo ships, making their own containers, and leasing planes to bypass supply chain disruptions like long wait times for dock space and workers.
Typically, 45% to 50% of cargo is carried in belly holds of aircraft. In partnership with Lufthansa Cargo, DB Schenker launched the first regular carbon neutral cargo flight connection in history, saving around 174 metric tons of conventional kerosene each week. Singapore’s Status a Global Hub.
The team behind Energy Observer wants to gain better information for commercial cargo vessels by vastly increasing the size of the ship. The original gyro style wind energy installations were replaced with a wing type sail in 2019. Propellers were also changed to a “feathered” design in order to reduce drag.
Sustainability is definitely coming of age in Asia. In fact, IDC predicts that manufacturers across Asia who digitally transform and accelerate sustainable innovation to improve supply chain operations, will increase their revenue by 20 percent in 2025. Making Asia a Leader – One Green Initiative at a Time.
Much of the world is clamoring for finished products from their usual suppliers; but dwindling cargo space, skyrocketing transportation costs, and component delays make it difficult to keep shelves stocked. The 2021 supply chain shortage is the story of our lives today, as the enormous bullwhip effect of COVID continues.
The world received exciting news this week as a 220,200-ton cargo ship named the Ever Given was freed from the Suez Canal after being stuck for six days. It connects Asia to Europe and the U.S. The Suez Canal is one of the most important trade arteries in the world. East Coast. On average, 50 […].
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content