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Blog More Resources Home September 10, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. China – N. Europe weekly prices fell 4% to $3.45/kg.
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.
Drennan struggled to obtain a driver’s license from the Railroad Commission in charge of regulating motor-freight at the time, allegedly because of her hearing loss, though Drennan believed it to be related to her gender. This, however, lead to many problems, as the industry became less forgiving to a woman without a husband.
Wouldn’t it be amazing if someone could cut through the hype and summarize the key freight and logistics trends every month? Short Term Medium Term Special Feature Carriers & Cargo Innovation Freightos focus November 2015 freight and logistics trends that rate. CARRIERS & CARGO BRAVE NEW ROUTES.
Each has the capacity to receive general merchandise items from suppliers in smaller freight loads, known in the industry as less-than-truckload (LTL), and consolidate them into larger freight loads known as truckloads (TL). In addition to Cosco, global ocean carriers Mediterranean Shipping Co.
Freight Startup Flexport Hits $3.2 Year Over Year (Cass Information Systems) Cargo theft volume, values decreased in 2018 (CCJ) JD.com’s drones take flight to Japan in partnership with Rakuten (TechCrunch). Freight Startup Flexport Hits $3.2 in January Truckload Linehaul Costs Up 6.4%
Not even B2B is spared from these changing expectations (which is why we at Freightos launched an online freight marketplace ). While freight industry executives likely sighed with relief when an update of Amazon’s logistics.amazon.com page on June 28th turned out to be nothing more than a franchise model for courier delivery services.
Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. At the end of 2021, ocean freight rates were more than three times what they were throughout 2020. IATA data shows global demand for air cargo markets jumped 3.7% Wall Street Journal ). Deloitte Global).
In the meantime, here’s this week’s supply chain and logistics news: Amazon Plans Air Cargo Service for Chinese Customers (WSJ – sub. warehouses from Chinese merchants selling on its site—taking on a role it previously left to global freight-transportation companies.” Europe and Japan. Intel Buys Mobileye in $15.3
Freight Companies Scramble to Reroute Goods in Wake of Harvey (WSJ – sub. TSA reviewing cargo screening, concerned about terror vulnerabilities (CNN). For related commentary, see Japan and Ecuador Earthquakes: Supply Chain Lessons from Past Disasters ). Iceland Gets On-Demand Drone Deliveries (BloombergTechnology).
came from trucks carrying cargo. On 10 November 2021 at COP26, 19 countries – including Australia, Germany, Japan, the Netherlands, Norway, the United Kingdom and the United States of America (USA) – joined the first framework to establish zero emission maritime routes. Most of this, 45.1
A behemoth in the logistics industry, UPS has operations in shipping, air freight, trucking, last-mile delivery and drone delivery. It started in 1969 as DHL Air Cargo, and by the late 1970s, the company had expanded its operations and offered services throughout the world. Kuehne + Nagel Inc. Nippon Express owns more than 31.7
It is bordered by North Korea, the Sea of Japan and the Yellow Sea. It was occupied by Japan in 1905 and did not regain its independence until 1945. South Korea has 71 airports with paved runways, more than half of which can support cargo jets. The annual freight traffic on registered carriers was 11.297 billion mt-km in 2015.
As of Friday, September 2, 45 of its ships remain adrift at different ports in China, Japan, Singapore, and India, and other countries—they’ve been denied access by operators who fear that the company might be unable to pay docking fees. Rahul Kapoor, Director at Maritime Consultancy Drewry Financial Research Services. Global Disruption.
Nissan to trial robo-taxis in Japan (BBC News). freight trains in federal crosshairs after crashes: GAO (Reuters). Trucking Companies Boost Big-Rig Orders on Rising Shipping Demand (WSJ – sub. Anheuser-Busch Orders 40 Tesla Semi Trucks (WSJ – sub. Ford to test new self-driving vehicle technology in 2018 (Reuters).
Prior to that, the British Empire ruled the territory as colonies and protectorates, and Japan occupied the area from 1942 to 1945. The country moves over 2 billion mt-km of freight per year. . It’s merchant marine includes more than 1,700 vessels, including bulk carriers, container ships, general cargo ships and oil tankers.
Zara also works with Air France, KLM Cargo and Emirates Air in order that they can coordinate directly with the airlines to make the outbound shipments to its stores and bring back some raw materials and semi-finished materials with return legs. In order to compensate a long waiting time, Adidas uses air freight or courier service.
Maersk is one to keep an eye on as it builds its logistics capabilities beyond its ocean freight transportation services. .” It's possible we’ll see more supply chain providers launch B2B online platforms in order to keep goods within their networks from the first mile through to the final mile and for shippers to ensure capacity.
Until your freight has been involved in a vessel accident, you may not be aware of the process or overall impact to your supply chain. Although vessel accidents are unplanned and usually unpredictable, there are steps you can take before you ship so you’re not scrambling when you get the news your freight was involved in an accident.
The huge build-up of containers at China’s docks has created a major ocean freight imbalance, with a shortage of cargo in US and European ports and a shortfall in boxes needed by Western exporters to ship products to other parts of the world. Ocean Freight. Air Freight. Ocean Freight. Measuring the Imbalances*.
Weight limits have also been adjusted, forcing some ships to unload and transport cargo to the other side of the canal via train—increasing transportation costs. The main countries affected by the drought are China, Japan, South Korea, and the US, as the Panama Canal facilitates 46% of container movement from northeastern Asia to the US.
Freightos Limited , a global freight booking and payment platform, and Gesher I Acquisition Corp., According to a published report from the Japan Times , Panasonic Holdings announced that its battery manufacturing unit plans to quadruple production of electric vehicle batteries by fiscal 2028 amid increasing demand from U.S.
In fact, Brazil, Spain, and Japan saw the largest increases in online sales during the COVID pandemic. That resulted in bottlenecks, such as the record backlogs at the port of Los Angeles, where container ships waited for weeks to offload cargo. 1 - Huge E-commerce Growth More than ever, people are buying more and more online.
5 S (Sort, Set in Order, Shine, Standardize, Sustain) A workplace organization method originating from Japan. FCL Full Container Load – A shipping term indicating that a container is loaded to its full capacity with cargo from a single shipper. LTL Less Than Truckload – A shipping service for relatively small freight.
What Is The Difference Between Passenger Trains and Freight Trains. The differences between transport and freight trains are numerous, ranging from technical to operational. But what are freight trains? They are trains specifically designed to be able to haul the maximum possible amount of cargo (freight).
Körber acquires enVista’s omni-channel and global freight audit and payment services. The two designs, one that looks more like a small plane used by hobbyists and another with a big belly used for additional cargo space, were recently unveiled in a company blog post. And now on to this week’s logistics news. Alphabet Inc.’s
In August, President Biden hosted the leaders of Japan and South Korea at Camp David, bringing the three countries together in a bid to further encourage collaboration and innovation. The shifting numbers could be seen at the Port of Los Angeles, where cargo volume increased for the second consecutive month compared to 2022.
For centuries the expense, risk, and frustration with ocean freight held back expansion of the international economy, despite the invention of the steam invention. Break-bulk loaded cargo was poorly secured required a Tetris-like approach to handle diverse sizes of packages. First use of a modern container for ocean freight.
The Freightos System is SaaS for freight contract management, automatic price quotations, and business intelligence. For centuries, the expense, risk, and frustration with ocean freight held back expansion of the international economy, despite the invention of the steam invention. First use of a modern container for ocean freight.
from a startup express carrier with a few aircraft to the largest air cargo airline in the world and facilitator of global commerce is one of the remarkable stories in American business history. FedEx carries more cargo traffic than any other carrier, according to the International Air Transport Association. The rise of FedEx Corp.
This is due in part to the chokepoints they cause in the flow of global freight as well as the fact that they give people access to resources and commercial activity more effectively. It is standard procedure to unload some Mediterranean-bound ships and use the Sumed pipeline to move the excess cargo. meters in 2008 as opposed to 22.5
As many of you may be aware, freight shipping, international shipping and also aviation are not included in the COP21 agreement. As I mentioned before, freight transport is currently seven percent of freight emissions. It’s currently 19% of total CO2 emissions. This is data from the carbon footprint study from the OECD.
SUBSTITUTED SERVICE (ALTERNATE PORT SERVICE) This provision shall govern the transfer of cargo by trucking or other means of transportation at the expense of the Carrier. Rates that are ramp or CY at origin apply from the inland rail carriers ramp at the place of receipt of the cargo by Carrier. Dangerous/Hazardous Cargo, N.O.S.,
As of right now, top lines have been essentially wiped out for industries like air transportation, freight, gastronomy, tourism, travel, and many more. jump in container throughput last week, which means cargo is recovering.
And with a continued need for PPE and the dramatic uptick in ecommerce shopping, it’s no wonder there’s greater amounts of freight being moved right now. Air passenger travel is still down, and capacity for air cargo remains tight. These changes will likely add to the inconsistencies and put pressure on air freight costs.
has 5,054 airports, most of which have paved runways long enough to handle large jets and cargo planes. Annual freight traffic equaled about 37.22 Cargo transportation in the U.S. has nine container ports, 11 cargo ports and 11 liquefied natural gas (LNG) terminals. billion mt-km in 2015. In addition, the U.S.
Japan factory activity returns to growth after 11-month contraction, PMI shows Japan's manufacturing activity returned to growth in June after nearly a year of contraction, but demand conditions remain murky due to worries over U.S. tariffs and the global economic outlook, a private-sector survey showed on Monday.
Home Special Trade War Update – US Court Ruling: Analysis and Freight Impact A recent U.S. For air cargo, the ruling likely will nullify the USs May 2nd suspension of de minimis eligibility for Chinese goods which has led to a big drop in B2C e-commerce volumes moving from China to the US via air cargo.
Nintendo is struggling to break out of a frustrating sales slowdown, selling 33 percent fewer units of Switch game systems in the April-June quarter than a year ago in Japan due to a crippled supply chain. Part of that could be due to a shortage in video game consoles. The fuel surcharge is based on the cost of fuel to transport the goods.
Tariff truce will not spark cargo boom at busiest US seaport, executive director says The head of the busiest U.S. Tariff crossfire hits Toyota, Nissan, Ford suppliers in Japan Four decades ago, Hiroko Suzuki's father threaded the needle of a U.S. Japan's Honda to scale back on electric vehicles, focus on hybrids Honda Motor (7267.T)
China's April soybean imports hit decade-low as customs delays disrupt trade China's soybean imports plunged to a 10-year low in April as prolonged customs clearance delays and late Brazilian shipments caused by harvest slowdowns and logistics issues disrupted the usual flow of cargoes, traders and analysts say. Nissan abandons plan for $1.1
Home Transpac ocean rates climbing on China-US rebound – May 20, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. Korea and Japan. Ocean shipments from the Far East would have to move in the next week or two to arrive before July 9th.
Blog More Resources Home December 17, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data and anything else impacting the market. China – N. Europe weekly prices dipped 5% to $3.51/kg.
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