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April 16, 2024 Update

Freightos

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. Freight news travels faster than cargo Get industry-leading insights in your inbox.

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April 24, 2024 Update

Freightos

America rates remain 90% higher than in 2019 to the West Coast and 60% higher to the East Coast at about $3,000/FEU and $4,300/FEU respectively, as Red Sea diversions continue to absorb capacity and make blank sailings rare even during these slow-season months. Likewise, Asia – N. America and $3.55/kg kg to Europe last week.

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November 28, 2023 Update

Freightos

Carriers have been reducing capacity through blank sailings and other measures in response. Europe capacity by 21% in November (with a 24% reduction announced so far for December), capacity still remained 11% higher than in 2019, showing that growing fleets and easing demand are combining to challenge rate increase attempts.

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Interoceanic Passages

Abivin

Global Maritime Routes and Chokepoints Maritime routes are a few kilometers wide corridors that connect economic regions and cross land transportation gaps. Chokepoints (or bottlenecks) are a term used to describe the most crucial strategic marine routes because they: Capacity limitations. They form a continuum.

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Top 8 Industries Affected by The Red Sea Crisis in January 2024

Resilinc

This response is driven by ongoing threats to crew and cargo safety, necessitating the rerouting of ships around the Cape of Good Hope, resulting in substantial delays and escalated shipping costs. As a result, many industries, companies, and products have been impacted—threatening global supply chains. On January 11, the U.S.

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Freightos is going public…and how we got here

Freightos

This is an exciting milestone that accelerates our vision of a digital platform that modernizes international freight and improves global trade. World trade is built on a foundation of global shipping. Hagag Towers, North Tower, Floor 24, Haarba 28, Tel Aviv, Israel. The official announcement is here. First, some background.

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Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

It started in 1969 as DHL Air Cargo, and by the late 1970s, the company had expanded its operations and offered services throughout the world. FedEx is the largest cargo airline in the world in terms of scheduled freight tonne kilometers (FTK), a distinction the company has held since 2014, and it’s the fourth largest in terms of fleet size.