article thumbnail

February 7, 2024 Update

Freightos

Judah Levine February 7, 2024 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) increased 7% to $4,367/FEU. America air cargo rates climbed 14% last week to $6.06/kg,

article thumbnail

April 16, 2024 Update

Freightos

A closure would see Kuwait, Iraq and most of the UAE’s ports become inaccessible. In air cargo, B2C e-commerce demand out of China continues to be the biggest driver of strong volumes, tighter capacity and upward pressure on rates to N. America even during these typically slow months for air cargo.

article thumbnail

Interoceanic Passages

Abivin

It is standard procedure to unload some Mediterranean-bound ships and use the Sumed pipeline to move the excess cargo. billion tons of cargo (as of 2020). Due to the extra time required to wait for a transit slot when there are no bookings, the trip takes an average of 35 hours. meters in 2008 as opposed to 22.5 meters in 2001.

Panama 52