Freightos
OCTOBER 17, 2023
If rates have reached their floor, it is likely thanks to significant capacity management measures taken by carriers. The transpacific lane will have about 23% of deployed capacity blanked in October – the highest level since April. In Israel, ocean and inland logistics have continued to be fully operational despite the ongoing war.
Freightos
OCTOBER 11, 2023
For the transpacific, rates falling sharply on gradually declining volumes and alongside continued, significant capacity management measures by carriers point to overcapacity as the main driver of the current rate slumps, with excess capacity a major contributor to falling rates on the other lanes as well.
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Freightos
DECEMBER 6, 2023
With the threat focussed on Israel-linked vessels there has not been a significant impact on vessel flows through the Red Sea yet. The degree to which December’s rate increases will stick though, will depend on the carriers’ ability to reduce capacity to current demand levels.
Freightos
NOVEMBER 28, 2023
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.
Freightos
DECEMBER 13, 2023
Rates maintaining or exceeding their recent gains would likely be a function of stricter capacity reductions aimed at getting prices up during long-term contract negotiations, though there are also signs that demand will start to improve ahead of Lunar New Year.
Kinaxis
MAY 24, 2018
During her keynote speech, Dana Stiffler, research VP at Gartner shared statistics highlighting how hard it is to find professionals who have the supply chain domain competence and strong knowledge of AI/ML technologies in the greater Chicago area. Here are some key takeaways from the Gartner supply chain event: 1.
Freightos
DECEMBER 19, 2023
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. Together with ZIM, these carriers represent five of the top ten largest carriers and 56% of global capacity. But this time there is excess capacity to step in.
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