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
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.
Europe prices (FBX11 Weekly) increased 17% to $2,757/FEU. Europe weekly prices increased 4% to $3.75/kg. Europe – N. China’s ports are likely still working through some of the backlog of ready to ship goods created during the April-May lull in China-US demand. Air rates – Freightos Air index China – N.
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.
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.
Europe prices (FBX11 Weekly) fell 34% to $996/FEU. Europe weekly prices increased 7% to $3.70/kg. Europe – N. A recent analysis suggests that some spending growth is on the types of goods , like video games, that don’t ship by ocean container – another factor in the relative disconnect between spending and freight.
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.
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., And now on to this week’s logistics news. East Coast.
When you can barely see beyond the bow of the ship, when extreme wind and waves threaten to throw you off course – or worse, sink you – it’s understandable that long-term thinking can get chucked overboard like so much extra ballast. It’s an apt metaphor for ocean shipping these past many months. And the list goes on.
Soft demand in Europe and the US led to an overall decline of 7.5 Amazon achieved its fastest-ever global shipping times last year but isn’t resting on its laurels. The big three US airlines saw their cargo revenues decline last year as rates and volumes came under pressure. The shares fell as much as 7.6 percent in early U.S.
Amazon to double Europe EV fleet by 2025. UPS earnings rise as higher prices offset shipping slowdown. 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.
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.
Ongoing attacks on vessels in the Red Sea by Yemen’s Houthis continue to disrupt shipping lanes in the chemical industry’s supply chain, according to Al Greenwood, chemicals expert and deputy editor at ICIS. It’s having an impact mainly in Europe and Asia. Rates for 40-foot containers from Asia to North Europe are at $8,764.14.
Shipping companies added capacity, but now containers are stuck in port. 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. And now on this week’s logistics news.
When it comes to ocean freight, it can be easy to observe the competitive nature of shipping rates, service loops and trade lanes and label it market share dog-eat-dog. Shipping alliances are an essential facet of international logistics, promoting efficiency in a complex global trade environment. Astro-logistics!
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. This has forced ocean carriers to avoid the sea and take a much longer route to Europe around the southern tip of Africa.
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.
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.
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. In fact, the hard reality is that looking back over the past decade, supply chains have been disrupted by shipping bankruptcies, wars, pandemics, geopolitics and tariffs.
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.
Nathan Strang and Joe Lynch discuss the challenging shipping environment and why shippers need an ocean freight survival guide. In the podcast interview, Joe and Nathan discuss the challenging shipping environment and why shippers need an ocean freight survival guide. About Nathan Strang.
That said, ocean prices for shipping out of China are still well down on this time last year. 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.”. China-Europe. Europe-US East Coast. Europe-South America Atlantic. Air Freight Pricing.
Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. Following a March 2022 surge of Covid-19 in Shanghai, shipping company A.P. Automotive News Europe ). In response to the Ukraine invasion, Europe’s wholesale gas price surged by 69%. Accenture ). McKinsey ).
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.
Another shipping crisis strikes, threatens Black Friday shopping. Volansi completes first-ever autonomous ship-to-ship drone delivery. The strain that has been impacting global supply chains over the last year was dealt another blow with flooding in Europe and China. And now on to this week’s logistics news.
The Red Sea crisis demonstrated how quickly shipping routes can be compromised, forcing immediate rerouting decisions. When a single tweet can change tariffs on global trading partners, or when conflict in the Middle East impacts shipping lanes, logistics teams need comprehensive visibility and control, not in weeks or days, but in hours.
Container shipping prices skyrocket. Prices to ship containers from Asia to the US and Europe are rising at a historic pace as cargo owners bid up rates in a search for ocean transportation capacity that shipping industry executives expect to remain tight for the rest of the year. Descartes acquires GreenMile.
The 2010 Eyjafjallajökull volcano eruptions in Iceland, for example, caused enormous disruption to air shipments across Western Europe. There was no air freight possible then into Europe,” added Gerald van den Eijnden. Yes, SAP had inbound ASN’s (advanced ship notices). But they were very basic.
Ocean Risk Management part 2: Navigating Global Shipping Alliance The shipping industry continues to evolve. In this article, we explore the pros and cons of the alliance model in the shipping industry, compare the solo strategy versus alliance strategy, and provide tips on how shippers can prepare for market swings.
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.
The speed of the box’s throughput enables orders to be packaged, labeled and ready to ship in 30 minutes. 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. kg CO2e.
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.
Massive ships. Rules for container traffic between Europe and Asia are being rewritten and this has had profound implications for West European terminals: Supply fluctuations have resulted in a fragmented terminal capacity. Capacity of container ships handled in 2014. Shipping lines alliances. Slow steaming.
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.
Just last year many were chartering their own cargoships to get all these goods to their destinations.) Matt has led high-impact teams that implemented logistics strategies and systems at P&G, Nestle, Kraft, Anheuser-Busch Inbev, Tyco, Argos and Nokia across North America, Western Europe and Latin America.
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
International shipping industry article and permission to publish here provided by Daniel Choi. Even during the epidemic, the shipping industry’s significance in the value chain and the transportation of resources and goods worldwide was emphasized, probably most prominently. The Shipping Industry During Pandemic.
The world received exciting news this week as a 220,200-ton cargoship named the Ever Given was freed from the Suez Canal after being stuck for six days. It connects Asia to Europe and the U.S. The Suez Canal is one of the most important trade arteries in the world. East Coast. On average, 50 […].
On the horizontal carrier integration front, Maersk has doubled down on its extension from ocean consolidation (Hamburg Sud, 2017) to air cargo, increasing Maersk Air by 33% with three leased cargo planes and two new Boeing purchases. Image via StarAir.dk). Behind the Maersk shift. Enter Big Tech. One goal, two different motivations.
The report notes that in one Chinese province, Hebei, there are more than 30,000 electric trucks operating, while total sales for the second largest market in 2024, Europe, were a little over 10,000 for the second year in a row. They estimate that the TCO of a diesel truck in the U.S. is 20% less than a battery-powered equivalent.
It means being able to see where a shipment or an order is while it’s in transit — whether on a truck, a railcar, an ocean liner or a cargo plane — anywhere in the world. Data on ocean shipments, for example, is generally available across the globe, due primarily to greater standardization in ocean shipping.
Various cultures rose and fell during the intervening centuries until invaders from Europe arrived in the 16 th century. India has 253 airports with paved runways and most are able to support cargo traffic. Coupled with its favorable location in Asia, the strong air support makes shipping products in or out of India easy.
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