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Ahead of the Curve: How Digitalization Helped Air Cargo Amidst Red Sea Shipping Diversions

Freightos

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.

Cargo 214
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Flexibility in the Face of Uncertainty

Freightos

Most recently, the recent disruptions in the Red Sea that saw ocean freight rates from China to Europe by over 190% and saw transit times lengthen, sea-air services offered a strategic advantage for logistics professionals able to remain agile, by watching trends and jumping at opportunities to ensure a resilient supply chain.

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September 6, 2023 Update

Freightos

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.

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October 4, 2023 Update

Freightos

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.

Asia 177
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September 26, 2023 Update

Freightos

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

Asia 247
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Energy Crisis in Asia and Europe: The Supply Chain Impact

Resilinc

February 2023 saw supply chain struggles continue across Asia and Europe due to dwindling energy supplies, ongoing effects of COVID-19, high inflation, and more. Per the contract, Eni will deliver one LNG cargo per month between 2017 and 2032. Pakistan also relies on a long-term contract with Italy’s natural gas company, Eni.

Asia 62
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October 31, 2023 Update

Freightos

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.