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Postal Service reversing its package ban from China to LGs big robotics acquisition, companies are adapting to new regulations and automation trends. US Postal Service Reverses Decision to Ban Packages from Hong Kong China The U.S. From the U.S. Lets dive into the biggest stories impacting businesses and consumers alike.
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Postal Service reversing its package ban from China to LGs big robotics acquisition, companies are adapting to new regulations and automation trends. US Postal Service Reverses Decision to Ban Packages from Hong Kong China The U.S. From the U.S. Lets dive into the biggest stories impacting businesses and consumers alike.
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.
Home China volumes fall as demand climbs from S. Air rates – Freightos Air index China – N. China – N. In the meantime, reports on the drop in China-US ocean freight demand range from around 30% to more than 50% in the last few weeks. Asia-US East Coast prices (FBX03 Weekly) fell 2% to $3,395/FEU.
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.
Teradyne , a supplier of semiconductor testing equipment, pulled manufacturing worth about $1 billion out of China last year, a Teradyne spokesperson said on Monday, after U.S. technology from helping China’s military. The big three US airlines saw their cargo revenues decline last year as rates and volumes came under pressure.
meters draft, and cargo capacity up to 14,000 twenty-foot equivalent units (TEU); previously, it could only handle vessels up to about 5,000 TEU. This month, China stopped sharing Automated Identification Signals (AIS) data when an ocean carrier is in Chinese waters. Logistics costs in China are 16.6% Why I Am Worried.
Air rates – Freightos Air Index China – N. kg China – N. In air cargo, Freightos Air Index data show China – N. America rates fell 6% last week, but remain 11% higher than in October, while China – N. Freight news travels faster than cargo Get industry-leading insights in your inbox.
Air rates – Freightos Air index China – N. kg China – N. Freightos Air Index data shows ex-Asia and transatlantic rates remain more than 40% lower than a year ago though China – N. Freight news travels faster than cargo Get industry-leading insights in your inbox. Europe – N.
Air rates – Freightos Air Index China – N. China – N. Some importers pulled forward shipments of goods from China facing tariff increases meant for August 1st. In air cargo, Freightos Air Index rates from China to the US slid 12% in the last few weeks. America weekly prices decreased 6% to $4.9/kg.
Air Rates – Freightos Air Index China – N. China – N. A super typhoon wreaked havoc on northern Vietnam over the weekend and caused heavy rains across southern China. In air cargo, Air Canada is bracing for disruptions from a possible pilot strike next week. Freightos Air Index rates from China to N.
2024 Typhoon Season has Caused Billions in Agricultural Losses This year’s typhoon season has been particularly disruptive, severely affecting port operations and shipping across the western Pacific, with significant storms such as Gaemi, Ampil, Shanshan, Yagi, and Bebinka impacting Taiwan, China, Japan, Vietnam, and the Philippines.
in push for freight decarbonization China e-commerce exports, unreliable Red Sea shipping boost air cargo Sephora is expanding its take-back and refillables programs Amazon announced that it delivered to Prime subscribers at its “fastest speed ever” in its quarterly earnings on Tuesday.
Air rates – Freightos Air Index China – N. kg China – N. In air cargo, more forwarders are reporting signs of life for ex-Asia volumes, which is a good omen for hopes of an air peak this year. Freight news travels faster than cargo Get industry-leading insights in your inbox. Europe – N.
Air rates – Freightos Air index China – N. China – N. Freight news travels faster than cargo Get industry-leading insights in your inbox. Europe prices (FBX11 Weekly) fell 8% to $1,608/FEU. Asia-Mediterranean prices (FBX13 Weekly) fell 14% to $2,003/FEU. America weekly prices increased 4% to $4.78/kg.
Global shipping prices are continuing to rise as Houthi rebels keep up attacks on cargo vessels in and around the Red Sea. The increases are being felt far beyond the disrupted trade routes that link China with Europe and the U.S. Spot-market rates to ship a container from China to Los Angeles rose 38% in the week through Jan.
FBX 01 (China – US West Coast) over the last three months of COVID-19. Meanwhile, massive passenger airline restrictions dramatically reduced air cargo capacity, sending rates through the roof. WebCargo Sky , the world’s largest air cargo platform for live pricing, capacity assessment, and eBooking from global airlines.
FreightRight is a small freight forwarder based in LA that has been posting value news updates, first from on the ground sources in China, and now with a good feel for what’s going on in air cargo, with a focus on how these developments are affecting SMBs and Amazon sellers. Robinson emailing client advisories as things develop.
May air cargo volumes rise amid global disruption Freight market pressured again in May, Cass data shows General Motors (GM) is accelerating sustainability efforts in its supply chain, focusing on logistics, materials, packaging, and supplier engagement. May air cargo volumes continue to rise amid global disruptions.
The international inbound transportation service is only available to Walmart Fulfillment Services (WFS) sellers that source or manufacture goods in China, and all cargo must be shipped from Yantian, Shanghai, or Ningbo ports. Cargo imported into the U.S. according to the Walmart Marketplace website.
million+ transactions annually This network effect means better visibility, more competitive rates, and unparalleled connectivity across the global logistics landscape.
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.
FedEx Express will have its aircraft fleet focus on moving priority package volume, while the air cargo giant leans on third-party providers to move less urgent shipments, FedEx President and CEO Raj Subramaniam said during a conference on Tuesday. The data show Canadian exports to China also reached a historic high of $27.9
Similarly, our Freightos Air Index (FAX) offers the same level of insight for air cargo rates. Keep reading Weekly Freight Updates China volumes fall as demand climbs from S. The Freightos Baltic Index (FBX) has become the industry standard for container freight rate tracking, providing transparency in a historically opaque market.
Its largest export markets are Russia, China, Germany, Poland, and Italy. However, I did see reports on the destruction of Ukraine’s Antonov An-225, the world’s largest cargo aircraft. So product supply shortages from Ukraine will most substantially affect agricultural commodities and metals.
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. With the reduction in cargo coming out of Shanghai, some carriers aren’t able to fully load a vessel. s CargoNet.
Avenues of transport are declining as major cargo airlines, like Cathay Pacific , drastically reduce flights to mainland China and Hong Kong. L ogistics providers like Maersk are forced to announce blank sailings due to curtailed demand. The resilienc e of supply chain plan ning is being called into question.
While conditions have eased in North America, port congestion has gotten much worse in China. China accounts for about 12% of global trade. China’s stringent COVID lockdown in critical port cities has impacted global supply chains. Ocean ETAs are focused on when a ship gets into port and begins to unload its cargo.
FedEx plans to test autonomous drone cargo delivery with Elroy Air. Air Canada wants more cargo jets 3 months after launching service. FedEx also plans to test autonomous drone cargo delivery, partnering with Elroy Air. Walgreens to offer Wing drone delivery in suburban Dallas. Mexican factories gain in supply chain revamps.
Air rates – Freightos Air Index China – N. kg China – N. Intra-Asia volumes increased 14% year on year in May, with Freightos Terminal data showing rates from China to India have now spiked to about $4,000 – $5,000/FEU compared to about $1,500 – $2,000/FEU a year ago. Europe – N.
The restaurant, which has more than 20 locations in the northeast US and China, will open to the public in early October. Smartphone shipments in China in August fall 9.9 According to the China Academy of Information and Communications (CAICT), smartphone shipments within China fell 9.9 percent year on year to 23.1
Long Beach, LA ports set June cargo records. The influx of cargo is due to several reasons, according to port officials. The lifting of pandemic-induced shutdowns in China, retailers restocking and robust e-commerce are all driving the record-setting amount of containers through the ports, they said. Food Inflation Jumps 10.4%
2018 started with China-US ocean freight prices increasing by 27% as supply chains came back into full swing. Some forwarders reliant on the spot market are steeply increasing ocean pricing from China. That said, ocean prices for shipping out of China are still well down on this time last year. China-US West Coast.
International cross-border e-commerce is typically transported by air cargo. Amazon Global Logistics shippers ship ocean cargo from China directly into the Amazon fulfillment network in the US, UK, and EU. Whereas Alibaba’s service offers cargo that can be shipped to any warehouse or store.
Air rates – Freightos Air Index China – N. kg China – N. There were more reports of upticks in ex-Asia air cargo demand the last few weeks, and Freightos Air Index data saw China – N. Freight news travels faster than cargo Get industry-leading insights in your inbox. Europe – N.
But how exactly does a factory in China stopping production lead to a backup of containers at U.S. Now the company is looking for a new sailing date, potentially weeks later, to load that cargo on. Understanding the different methods of shipping freight from China. This has been the reality at every port in the U.S.
manufacturers re-evaluating their reliance on China. manufacturers re-evaluating their reliance on China. Executives are plotting alternate supply chains or devising products that can be made elsewhere should China’s hundreds of thousands of factories become inaccessible.
The two recent crises in global trade – the outbreak and the US-China trade war – show how vulnerable small and medium size businesses (SMBs) can be to shocks to the supply chain, but also point to ways to mitigate that risk. The (Digital) Rise of SMBs. Coronavirus Impact. million freight containers each year.
across the EU, and in China. Cargo ships lost 661 containers at sea in 2022, down from the 15-year average of 1,566 lost per year, according to the latest figures from the World Shipping Council (WSC). This resulted in meaningful cost savings for our last mile delivery program overall,” he added.
Early in the pandemic, the company organized an airlift of two flights per week to deliver several hundred million masks from China to France. CEVA Logistics is taking a lead in the air cargo industry to reduce the logistics-related impact on the environment at the source by creating demand for more sustainable aviation fuel (SAF).
Air rates – Freightos Air Index China – N. kg China – N. Most passenger carriers and some cargo airlines have canceled flights to and from Israel, and Freightos Data shows Israeli air cargo export rates to destinations in Europe and the US have increased by 20% or more since last week. Europe – N.
The company said it took a $157 million impairment charge for permanently deactivating the 757 cargo jets along with seven engines. By the end of September, FedEx will no longer be the primary air cargo provider for the U.S. Postal Service after UPS recently won the five-year contract.
AI and machine learning provides more accurate information during the transportation planning process; using IoT to monitor shipments, cargo conditions, and yard management have allowed companies to make quick adjustments when disruptions occur; and mobile digital assistants provide feedback and instant visibility into shipments and inventory.
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