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tariffs on imports from Canada, Mexico, and China is impacting global trade networks, affecting industries ranging from automotive and electronics to agriculture and energy. Major tech firms are shifting chip production to Taiwan, South Korea, and Southeast Asia to reduce dependence on China. China has tightened export controls on U.S.
tariffs, ongoing geopolitical tensions, and looming changes to the de minimis threshold for low-value imports from China are keeping global supply chains on unstable ground. tariffs are reshaping freight. Xenetas data comprises over 500 million contracted container and air freight rates and covers over 170,000 global trade routes.
Home China volumes fall as demand climbs from S. East Asia – April 29, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. Air rates – Freightos Air index China – N. China – N. Europe – N.
Kevin Coomes and Joe Lynch discuss navigating the freight downturn in the logistics and transportation space. About Kevin Coomes Kevin Coomes , the Vice President of Sales at Greenscreens.ai, is an accomplished freight tech professional with over 15 years of sales, business development, and start-up experience spanning two countries.
Freight Rates 2019-2021. As a result, companies plug along planning based on historic lead times and freight rates which as you can imagine is doomed for failure. The need for data synchronization increases with the growth of nodes, the increase of the number of parties handling the freight, and the use of multiple modes of transport.
And the lack of demand visibility is a big contributor to China-US ocean freight rates doubling to the West Coast since June, and passing $4,000/FEU to the East Coast – which was surprising as most analysts thought that rates and profits would freefall. Is ocean freight pricing broken? Was it profiteering? It worked. .
They depend upon their products' fast and reliable movement from cost-efficient manufacturing hubs like China to lucrative markets like the US and Europe. Behind every product's journey from a far factory floor to your local shop, complicated decisions drive the logistics and freight.
More concerning, we found that manual processes have an average error rate of 4-6%, which may seem small until you consider the impact on a $50M+ freight spend. The Freightos Baltic Index (FBX) has become the industry standard for container freight rate tracking, providing transparency in a historically opaque market.
More Resources Home September 13, 2023 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. Air rates – Freightos Air index China – N.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
And the lack of demand visibility is a big contributor to China-US ocean freight rates doubling to the West Coast since June, and passing USD4,000/FEU to the East Coast – which was surprising as most analysts thought that rates and profits would freefall. Is ocean freight pricing broken? Was it profiteering? And it can be fixed.
More Resources Home November 21, 2023 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. Air rates – Freightos Air Index China – N.
Prices Set To Ramp Up For Chinese New Year: Freight Rate Update Wk 2. Weekly update article on the Freightos International Freight Index exploring rate trends and their driving forces. 2018 started with China-US ocean freight prices increasing by 27% as supply chains came back into full swing. Air Freight Pricing.
Blog " * " indicates required fields Email * More Resources Home September 6, 2023 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.
Home Meet Freightos Procure: The Next Evolution of SHIPSTA Freightos Procure rebrands SHIPSTA, enhancing procurement with market intelligence and seamless booking within the Freightos Enterprise suite, empowering shippers to manage the entire freight lifecycle efficiently. Leadership Perspective We’re not just changing a name.
Freight management is crucial for companies around the globe. Effective freight management reduces delays for consumers, helps companies offer Amazonesque shipping benefits and much more. How To Determine Freight Class: Density Calculator & Printable Resource. agriculture industry. DOWNLOAD THE FREE RESOURCE HERE.
For example, we are helping importers turn on a dime and find shipping routes from South East Asia, while China is partly closed by the coronavirus. In addition to express courier shipping, Fedex added road freight, air and ocean freight forwarding, and customs brokering. Freightos.com already makes international shipping easy.
More Resources Home August 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. China – N. Europe – N. America to $2.57/kg
This trend, known as reshoring , is driving the emergence of regionalized freight networks , optimizing supply chains for efficiency, cost savings, and resilience. For logistics professionals, understanding how these changes impact freight networks is critical to staying ahead. Government Incentives for Reshoring The U.S.
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 – N. kg and $3.45/kg
More Resources Home September 26, 2023 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. Air rates – Freightos Air Index China – N.
However, as air freight rates climb and capacity tightens and questions regarding the future of US de minimis, interest in ocean freight services is on the rise. Indeed, over the past couple of years, online platforms have introduced ocean freight services that target SMBs. fulfillment center network. fulfillment center network.
Whether refining freight logistics efficiency at port terminals or enhancing last-mile delivery in urban neighborhoods, V2X adds intelligence to every vehicle interaction. This is a working model for connected urban freight corridors. This type of cooperative driving is ideal for long-haul logistics.
In today’s hyper-connected world, freight forwarding can seem like a lone holdout. Combining this pre-existing state of freight with the events of the past two-plus years of pandemic-related disruptions and grasping the micro- and macro-dynamics becomes even harder. What’s causing the delays in freight shipments?
In response, major freight operators have recently acquired advanced battery technology firms to accelerate fleet electrification. imports from China declined by 10% year-over-year, while domestic manufacturing investments surged by over $100 billion. According to Kearney s 2023 Reshoring Index, U.S.
If you don’t want to click through, you can subscribe to our weekly roundup or visit our own COVID-19 update page , which includes expert tips for managing freight during the crisis alongside the latest developments in logistics. Finally, you can always get free access to our Freightos Baltic Index daily freight index here.
The Initial Hurdle: 2021’ Freight Fiasco During the COVID-19 pandemic, Conor from Fort Toys , like many other entrepreneurs, found himself dealing with skyrocketing demand… and skyrocketing freight costs. We were pretty confident that we could raise a little bit more money or sell more product – it was pretty popular.
In early 2020, the market forecast for freight looked bright. China trade war appeared at an end, and few disruptions were believed to cause issues in 2020. The post What Are the Most Important 2020 Freight Metrics to Know? The post What Are the Most Important 2020 Freight Metrics to Know? The turmoil of the U.S.-China
This strategic move has not only circumvented significant costs but also dramatically increased air cargo demand from China, particularly from hubs in Hong Kong and Guangzhou, impacting traditional logistics and shipping frameworks. From Q3 2021 to early 2022, Freightos Air Index China-U.S. These rates dipped to around $3.50/kg
In 2019, digital freight isn’t a vision; it’s a reality. Land travel restrictions in Asia extended Chinese New Year, dropping ocean freight demand, which, just weeks later, spiked when the shutdown ended. FBX 01 (China – US West Coast) over the last three months of COVID-19. Ports open and close. About WebCargo Sky.
In other Walmart news, the company is importing more goods to the United States from India and reducing its reliance upon China as it looks to cut costs and diversify its supply chain. The data shows that only 60 percent of its shipments came from China during the same period, down from 80 percent in 2018.
UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and over capacity. More than $728 million is on the way to communities around the nation to bolster intermodal freight infrastructure. technology from helping China’s military.
Kevin is the Chief Revenue Officer (CRO) at Greenscreens.ai , a pricing platform specifically tailored for the truckload spot freight market. Kevin’s journey in transportation and logistics began in China, where he managed ocean and air imports for his own venture, Phoria Energy Solutions. logistics market. Greenscreens.ai
Home Meet Freightos Procure: The Next Evolution of SHIPSTA Freightos Procure rebrands SHIPSTA, enhancing procurement with market intelligence and seamless booking within the Freightos Enterprise suite, empowering shippers to manage the entire freight lifecycle efficiently. Leadership Perspective We’re not just changing a name.
The international inbound transportation service is only available to Walmart Fulfillment Services (WFS) sellers that source or manufacture goods in China, and all cargo must be shipped from Yantian, Shanghai, or Ningbo ports. according to the Walmart Marketplace website. according to the Walmart Marketplace website. from May’s 2.24
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). billion, followed by China at No. TLP5 launched with the 5,668-TEU vessel Xin Da Lian from Ningbo, China.
But SHIFEX, the freight forwarder rate index, recently recorded the lowest ocean freight rate between China and the port of Long Beach in 24 months —a rate of $3,500 to move a 40-foot container. Economists are beginning to speak of “immaculate disinflation.” This is an 80% drop year on year drop.
The sheer influx in demand, combined with the variety of supply chain stressors, also catapulted global freight to new levels of infamy (although none perhaps as famous as the Suez Canal blockage). Freight rates as a forward looking indicator of CPI. Let’s start by taking a look at global ocean freight prices.
Schedules were quickly disrupted and capacity shifted to China – Europe and North America lanes to accommodate the longer voyages. Since January, the ocean freight shakeup has pushed many shippers to the air. These changes made ocean capacity (and empty containers) scarce, sending container rates out of India spiking.
This shortage is the culmination of various ongoing issues – geopolitical tensions related to the Russia-Ukraine war, the rapid shift in consumer buying behavior and container freight availability. Beer and food industries are particularly affected by the shortages of aluminum cans as most customers prefer take-home packaging.
The two recent crises in global trade – the outbreak and the US-China trade war – show how vulnerable small and medium size businesses (SMBs) can be to shocks to the supply chain, but also point to ways to mitigate that risk. million freight containers each year. The (Digital) Rise of SMBs. Coronavirus Impact.
More Resources Home July 9, 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. Air rates – Freightos Air Index China – N.
Oren is the Founder and CEO of Flock Freight , a Certified B Corporation that’s been reinventing freight shipping since 2015. Raised by parents who worked for a van line and later started their own freight forwarders, Oren has deep-seated roots in logistics and entrepreneurship. About Flock Freight. and Canada.
raises $20M as it scales robot deliveries How friendshoring is impacting trade with China and the Far East Seagate to pay $300m settlement for violation of US export control laws Walmart is debuting the first North American 15-liter compressed natural gas engine, which is set to be incorporated into its private fleet.
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