article thumbnail

Supply Chains (And Freight Rates) Crank Up Again: Freight Rate Update W1

Freightos

Supply Chains (And Freight Rates) Crank Up Again: Freight Rate Update Wk 1. As supply chains crank back into action following the vacation, the January ocean freight GRI (General Rate Increase) stuck, with China-US rates increasing by 27%. The situation is better for air freight. Air Freight Pricing. China-Europe.

Freight 120
article thumbnail

Emerging Supply Chain Trends – A Look at Evolving Finished Vehicle Logistics Amid Market Shifts and Trends

The Logistics & Supply Chain Management Society

According to the IHS Markit 2022 Automotive Market Outlook, the European car production forecast for 2022 decreased by 2 million in comparison with the forecast predicted only eleven months prior. The main destinations of vehicle exports were Europe, Middle East and Africa and South America. million cars.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

Transportation has followed the same evolutionary pattern, moving upstream from day-to-day freight transactions to an integral component of top-level corporate planning and procurement strategy. routes continue to hold steady but there has been a sharp decline in the rates for Asia-Europe routes. Disaggregate freight spend data.

article thumbnail

Wolves and ships

Supply Chain Movement

Are logistics matching platforms a wolf in sheep’s clothing for freight forwarders? However, the comparison with the proverbial wolf in sheep’s clothing is flawed, because rather than being in disguise, the digital players are simply outright competitors in the relatively traditional logistics market. Uber Freight.

article thumbnail

Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

But issues surrounding labor and rising fuel prices pose real threats to the freight industry. For comparison, in 2016, diesel fuel prices were just US $2.14 Technology Comes to the Aid of Freight Companies. Technological solutions are helping many companies keep up and adjust to ever-changing consumer expectations. per gallon.

Freight 68
article thumbnail

Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

But issues surrounding labor and rising fuel prices pose real threats to the freight industry. For comparison, in 2016, diesel fuel prices were just US $2.14 Technology Comes to the Aid of Freight Companies. Technological solutions are helping many companies keep up and adjust to ever-changing consumer expectations. per gallon.

Freight 60
article thumbnail

National Logistics Day 2023

Enterra Insights

His detailed written record paved the way for future traders and merchants traveling between Europe and China. But if you are a part of a small company, by comparison, then you know that most people are doing many different tasks and doing whatever is required to get the job done.