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.
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.
Meanwhile, Europe accelerates its hydrogen transition, digital product passports gain traction for compliance, and a high-stakes egg heist underscores the fragility of food supply chains. From the U.S. Lets dive into the biggest stories impacting businesses and consumers alike.
Meanwhile, Europe accelerates its hydrogen transition, digital product passports gain traction for compliance, and a high-stakes egg heist underscores the fragility of food supply chains. From the U.S. Lets dive into the biggest stories impacting businesses and consumers alike.
Europe prices (FBX11 Weekly) decreased 7% to $1,291/FEU. Europe weekly prices increased 25% to $4.23/kg. Europe – N. Europe prices are 36% above their extreme lows last month showing some gains through the GRIs, though rates for both lanes remain below 2019 levels. Europe prices rebounded 25% to $4.23/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.
Europe prices (FBX11 Weekly) fell 34% to $996/FEU. Europe weekly prices increased 7% to $3.70/kg. Europe – N. Carriers are not having the same success on Asia – Europe lanes where rates crashed 34% last week to less than $1,000/FEU, an FBX record low for this lane. Europe rates of $3.70/kg
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.
Europe prices (FBX11 Weekly) were level at $1,744/FEU. Europe weekly prices increased 5% to $3.05/kg. Europe – N. Europe rates were stable last week, daily rates this week have declined about 7%. Freight news travels faster than cargo Get industry-leading insights in your inbox. kg China – N.
Europe prices (FBX11 Weekly) fell 13% to $6,787/FEU. Europe weekly prices fell 4% to $3.45/kg. Europe – N. Europe and the Mediterranean decreased further last week. In air cargo, Air Canada is bracing for disruptions from a possible pilot strike next week. America and Europe were $5.82/kg
Europe prices (FBX11 Weekly) increased 1% to $8,429/FEU. Europe weekly prices increased 7% to $3.63/kg. Europe – N. In air cargo, Freightos Air Index rates from China to the US slid 12% in the last few weeks. Freight news travels faster than cargo Get industry-leading insights in your inbox. China – N.
Dock and Yard Management ensures efficient cargo handling, reduces vehicle turnaround times, and leads to timely deliveries and cost-effective operations. Dock and yard management are today's most in-focus parts of supply chain and logistics. Together, they bring methods to the madness of warehouse operations.
Europe prices (FBX11 Weekly) fell 8% to $1,608/FEU. Europe weekly prices increased 1% to $3.07/kg. Europe – N. The overcapacity in the market is forcing some to idle new ultra large vessels even before their maiden voyages from Asia to Europe. Asia-US East Coast prices (FBX03 Weekly) dipped 1% to $3,048/FEU.
Global shipping prices are continuing to rise as Houthi rebels keep up attacks on cargo vessels in and around the Red Sea. The disruptions are at a key point for ships passing through the Suez Canal and are creating ripples across supply chains in Europe and the U.S., delaying shipments and raising transportation costs. East Coast.
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. percent in Q1.
Soft demand in Europe and the US led to an overall decline of 7.5 The big three US airlines saw their cargo revenues decline last year as rates and volumes came under pressure. United Airlines – the largest of the three in terms of cargo volumes – registered a 31.1 The shares fell as much as 7.6 percent in early U.S.
Amazon to double Europe EV fleet by 2025. Earlier this week, Amazon and Hawaiian Airlines announced that the retail giant will use Hawaiian Airlines to fly its first Airbus freighters on primary cargo routes and to Hawaii beginning in the second half of 2023. That one is probably not a record he was hoping to break.
Europe prices(FBX11 Weekly) increased 17% to $8,344/FEU. Europe weekly prices fell 10% to $3.38/kg. Europe – N. Europe and $7,900/FEU to the Mediterranean. Europe are 80% higher than highs seen in January. kg and 10% to Europe to $3.38/kg Air rates – Freightos Air Index China – N.
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.
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.
Europe prices (FBX11 Weekly) ticked up 2% to $1,020/FEU. Europe weekly prices increased 6% to $3.94/kg. Europe – N. Europe rates were below $900/FEU as of yesterday, despite indications of a gradual improvement in volumes on this lane. Europe prices climb 6% to $3.94/kg. kg China – N. Asia – N.
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.
Europe prices (FBX11 Weekly) increased 3% to $946/FEU. Europe weekly prices fell 1% to $3.71/kg. Europe – N. Europe are well below 2019 levels, while rates to the West Coast are still 17% higher than in 2019, possibly reflecting some shift of volumes back to the West Coast as the threat of labor disruptions has ended.
China-US East Coast lags by 24%, China-US Europe by 29%, and China-US West Coast rates are a jaw-dropping 33% down on last year.”. Following disruptions caused by bad weather in US and Europe two weeks ago, last week airport operations quickly returned to normal, and cleared any cargo backlogs. China-Europe. Manageable.
The company started out in takeaway food and has expanded into grocery delivery with partnerships with Co-op and Asda in the UK as well as Ahold, Carrefour and Spar elsewhere in Europe. Instances of cargo theft increased markedly in 2022, driven in large measure by thieves using fictitious pickups.
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. Additional COVID-19 Supply Chain Resources. Bolloré Logistics.
Brian is the Founder of Port X Logistics , a transportation company that specializes in expediting containerized cargo throughout the U.S. About Brian Kempisty Brian Kempisty is the Founder of Port X Logistics, a transportation company that specializes in expediting containerized cargo throughout the U.S. and Canada. and Canada.
Europe prices (FBX11 Weekly) stayed level at $2,337/FEU. Europe weekly prices fell 1% to $3.71/kg. Europe – N. This effect has been much less apparent for air cargo. Asia-US East Coast prices (FBX03 Weekly) fell 2% to $3,395/FEU. Asia-Mediterranean prices (FBX13 Weekly) increased 5% to $3,082/FEU. China – N.
Europe prices (FBX11 Weekly) increased 3% to $978/FEU. Europe weekly prices increased 4% to $3.86/kg. Europe – N. Europe rates remained below $1,000/FEU last week. Europe GRIs planned for November to try and push rates up to profitable levels. Asia-US East Coast prices (FBX03 Weekly) fell 4% to $2,141/FEU.
One of the world’s most successful drone delivery companies will be expanding to mainland Europe and the United States in 2023. pounds of cargo in a hold with about 1,800 cubic inches of space. The race for drone deliveries continues to heat up but remains in flux due to concern over regulations in the US. kg CO2e.
The ocean freight market has unprecedented challenges caused by Covid, increased consumer spending (more imports), supply chain disruptions, labor shortages, war in Europe, fuel costs, – and seemingly a new problem every week. Learn More About Ocean Freight Survival Guide.
Europe prices (FBX11 Weekly) decreased 10% to $917/FEU. Europe weekly prices fell 5% to $3.76/kg. Europe – N. Europe falling 10% to an extreme low of $917/FEU, 25% lower than pre-pandemic. Freight news travels faster than cargo Get industry-leading insights in your inbox. kg China – N. Asia – 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.
Europe prices (FBX11 Weekly) fell 6% to $1,517/FEU. Europe weekly prices increased 13% to $3.46/kg. Europe – N. Europe rates fell 6% last week and look to be continuing their slide this week. Freight news travels faster than cargo Get industry-leading insights in your inbox. kg China – N.
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.
Europe prices(FBX11 Weekly) increased 8% to $1,056/FEU. Europe weekly prices climbed 11% to $4.30/kg. Europe – N. In air cargo, there are signs that global volumes are increasing. Europe prices increased 11% last week to $4.30/kg, Europe prices increased 11% last week to $4.30/kg, kg 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.
Automotive News Europe ). In response to the Ukraine invasion, Europe’s wholesale gas price surged by 69%. Natural gas prices in Europe and curbs on exports from Russia and China are expected to keep fertilizer in high demand through 2023, which will lower crop yields. Financial Times). Nikkei Asia ). Supply Chain Dive).
Typically, 45% to 50% of cargo is carried in belly holds of aircraft. Overland transport solutions from Singapore all the way to China & even Europe were also executed to executed to keep supply chains moving. Singapore’s Status a Global Hub. From its peak, 97% flight capacity was reduced from Singapore Airlines.
For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began. Exploring alternative shipping routes and modalities, including air cargo, is crucial despite the higher costs.
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.
The strain that has been impacting global supply chains over the last year was dealt another blow with flooding in Europe and China. The cargo deliveries took place July 18 off the coast of Key West, Florida. As a result, the 2021 holiday shopping season could be marred by out-of-stock goods and shipping delays.
Chile has long been a hub of second-hand and unsold clothing, made in China or Bangladesh and passing through Europe, Asia or the United States before arriving in Chile, where it is resold around Latin America. Some 59,000 tons of clothing arrive each year at the Iquique port in the Alto Hospicio free zone in northern Chile. UPS will add 2.3
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