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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.
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.
A quick check showed that shipping the TV from Taiwan to Nashville (ocean & trucking) led to about 6.7 The broader climate issue.and freight’s role. The emissions from freighting Shawn’s TV is a miniscule percentage of this year’s 33 billion ton cube. kg of carbon emissions.
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% IDC via IEEE Spectrum). Bloomberg).
Quantifying the Import Impact Importers believe the potential impact on freight volumes to be substantial, with 54% of importers anticipating “serious to significant” reductions in their import activity. Eytan Buchman CMO, Freightos Group Eytan Buchman loves freight so much he shouts out container sizes while he walks around.
China Tech Fight Widens After Taiwan Blacklists Huawei More from this author Subscribe to our Daily Newsletter! Timely, incisive articles delivered directly to your inbox. Featured Product Popular Stories Report From DPW: What’s Next for AI in Supply Chain?
China Tech Fight Widens After Taiwan Blacklists Huawei More from this author Subscribe to our Daily Newsletter! trade negotiations with China. RELATED CONTENT RELATED VIDEOS Global Trade & Economics Automotive High-Tech/Electronics Industrial Manufacturing Related Articles U.S., Reliance on China for Rare Earths Bloomberg U.S.-China
Cargo Owners for Zero Emissions Vessels (coZEV) launched the Roadmap to 2040 which includes the creation of a new maritime freight buyers alliance, a cargo owner policy coalition, and a green corridor advisory board to enable full decarbonisation of ocean freight.
One to two weeks before CNY, factories will speed up their production causing a surge of freight. Provide a forecast of your expected cargo to your shipper’s representative. Taiwan – CNY – February 15-20. During CNY they will close down completely. Reserve space on passenger flights for shipments which cannot be delayed.
The ocean freight industry suddenly lost one of the top ten players when Hanjin Shipping Co. Hanjin's exit strands 89 ships worldwide containing some $14 billion worth of cargo, much of which was headed to the U.S. That means higher volumes, and likely higher freight rates, just when weather starts to turn ugly.
AviLease, a startup aircraft lessor in Saudi Arabia, is entering the air cargo market with an order for 10 large Airbus A350 cargo jets. Demand for widebody freighters is increasing as much of the existing fleet ages and cargo volumes grow at about 4% per year. Airbus announced the deal at the Paris Air Show on Monday.
GPS data showed container ships from Taiwan’s Wan Hai and CMA CGM of France in the area. As of early Friday vessel traffic was flowing through the Strait of Hormuz between Iran and Oman, the only route out of the Persian Gulf to global shipping lanes.
The order required moving oversized equipment from Shanghai (PVG) to Taiwan (TPE) within a limited time window. Commercial air freight and sea shipments were unable to meet Teradyne’s needs. These actions helped maintain the safety of the cargo and ensure the expedited delivery window was met. Our team at C.H.
Reports said the fires were ignited Monday by an explosion in the cargo hold of the 882-foot Singapore-flagged ship, built in 2005. The ship was deployed on Taiwan-based Wan Hai’s China-India Express Service (CIX) rotation of Kaiohsiung, Taiwan – Hong Kong – Shekou, China – Singapore – Port Klang, Malaysia – Colombo – Nhava Sheva.
For instance, the hangover from the pandemic, which has not yet permitted ocean freight from China to return to anything like normal service, is a problem that continued COVID outbreaks and associated port closures are exacerbating. Then there is the Russian blockade of Ukrainian ports with which carriers must contend. increase in wages.
We will discuss how other services and companies compare to Freightera using ground freight shipping in North America as the baseline. Empty circle: No or Not applicable Freight Carriers Freight carriers are the backbone of our industry. Freight carriers specialize in carrying freight. Half-filled circle: Depends.
We will discuss how other services and companies compare to Freightera using ground freight shipping in North America as the baseline. Empty circle: No or Not applicable Freight Carriers Freight carriers are the backbone of our industry. Freight carriers specialize in carrying freight. Half-filled circle: Depends.
Ukraine requires more ships to relieve grain supply chain Last week provided some relief for global food supply chains as the first ship loaded with grain left a Ukrainian port…
More Resources Home July 30, 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. Prices out of S. Asia dipped 8% to N.
Bed Bath & Beyond @BedBathBeyond Bed Bath & Beyond has discovered a way to save millions of dollars on freight over the next few years, thanks to a new 755,000 square-foot distribution facility slated to open in the fall of 2019. The new facility will allow the company to offer two-day shipping to most (about 90%) of the U.S.
Another paid over $17,000 to get the same size container from Taiwan to New York. Congestion issues, elevated cargo rolls, severe equipment shortages and overall delays are not going anywhere anytime soon. . • One shipper had to pay $14,000 for a 40’ container shipping from China to the US West Coast. Key Takeaways.
More Resources Home July 23, 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. America weekly prices decreased 4% to $5.34/kg. China – N.
Robinson Strengthens Anti-Cargo Theft Strategy. Robinson announced that it has enhanced its anti-cargo theft strategy “by joining CargoNet® to provide customers with a proactive approach to strengthening security around sensitive and high value product freight.” Manhattan Associates Brings Omni-Channel to the Call Center.
Accordingly, significant volumes of ocean cargo shifted to earlier sailings than normal, disrupting typical volume trends in the third and fourth quarters of 2018. In fact, there were some instances where vessels had to unload cargo in Panama to get through the canal. Have a plan for freight once it reaches port.
Journeys were also delayed and canceled on June 24, after there were two fatalities on the high-speed line between Lille and Paris, Eurostar said in a post on X.
Following the recent attacks launched by Yemen’s Houthi group on cargo ships in the Bab al Mandeb Strait at the southern end of the Red Sea, several major global shipping and oil companies – including Maersk and British Petroleum (BP) – have suspended shipments and halted operations in the area.
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
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.,
– May 7, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. Home Blanks keep rates level; no de minimis air rate collapse yet; US-Houthi truce first step to Red Sea return? Name This field is for validation purposes and should be left unchanged.
Home April 16, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. For freight, last weeks reciprocal tariff roll out resulted in reports of a widespread drop in container bookings out of Asia. kg last week.
– May 7, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. Home Blanks keep rates level; no de minimis air rate collapse yet; US-Houthi truce first step to Red Sea return? Email This field is for validation purposes and should be left unchanged.
After tariffs hit Chinese electronics, HP expanded sourcing to Taiwan and Thailand, reducing costs by 8%. Supplier Diversification Relying on a single country for sourcing is increasingly risky. Companies are diversifying suppliers across multiple regions to hedge against tariffs.
Home Renewed pull forward from Asia – though demand from China drops – April 16, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. Trump has called on China to come to the negotiating table as well. kg last week.
Quantifying the Import Impact Importers believe the potential impact on freight volumes to be substantial, with 54% of importers anticipating “serious to significant” reductions in their import activity. Eytan Buchman CMO, Freightos Group Eytan Buchman loves freight so much he shouts out container sizes while he walks around.
Tariff truce will not spark cargo boom at busiest US seaport, executive director says The head of the busiest U.S. FedEx appoints insider John Smith to lead freight spin-off business Delivery giant FedEx (FDX.N) said on Monday it has appointed insider John Smith as CEO of its freight trucking spinoff, FedEx Freight.
More Resources Home November 6, 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. In air cargo, China – N.
Home Trumps April Tariffs – Rundown, Implications and Freight Impact On Wednesday, April 2, President Trump announced a sweeping and encompassing global tariff, paired with reciprocal tariffs on a list of nearly 60 countries. If things do play out this way, the freight market will suffer too.
Home Trumps April Tariffs – Rundown, Implications and Freight Impact On Wednesday, April 2, President Trump announced a sweeping and encompassing global tariff, paired with reciprocal tariffs on a list of nearly 60 countries. If things do play out this way, the freight market will suffer too.
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