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Freight Market Snapshot: Houthi Attacks in Red Sea and Suez Canal News Updates

Freightos

But with alternative routes and plenty of excess capacity available, operations should continue reasonably well, and freight rates are unlikely to spike to extreme highs. 18th, 2023, Source: Marinetraffic Since mid-November multiple ships have been attacked in the Red Sea by Houthi forces in Yemen.

Freight 253
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Navigating Uncharted Waters: SMB Importers, 2024 and Red Sea Crisis Lessons

Freightos

It took time for the situation to normalize, especially for complex products like semiconductors that require a lot of moving parts in the global supply chain. Just when it seemed that 2024 would be a very welcome year of “normal” supply chains, the Red Sea crisis proved that for global supply chains, there is no such thing.

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November 21, 2023 Update

Freightos

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. America weekly prices decreased 6% to $5.23/kg

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Flexibility in the Face of Uncertainty

Freightos

Most recently, the recent disruptions in the Red Sea that saw ocean freight rates from China to Europe by over 190% and saw transit times lengthen, sea-air services offered a strategic advantage for logistics professionals able to remain agile, by watching trends and jumping at opportunities to ensure a resilient supply chain.

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KanoPI: Our Proprietary Shipper Intelligence Tool

Zipline Logistics

It’s not the trucks that change between brokers — it’s the tools and expertise behind the operation. Built in-house and improved daily by the Zipline Development Team, KanoPI is our proprietary shipper intelligence tool. Automated order entry to reduce processing time . Request a KanoPI Demo. About Zipline Logistics .

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Nucleus Digital Supply Chain Hub Advances Contactless Supply Chain Efforts

Supply Chain Collaborator

An “earthquake in supply and demand” is how the Wall Street Journal’s Logistics Report characterizes the effects of COVID-19 on supply chain management. In an article published today, WSJ lays out the compelling case for accelerated investment into supply chain automation and digitization.

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Modern Ways Technology Provides Transportation Management & Freight Spend Visibility

Intelligent Audit

It has always been essential to have visibility into freight spending. Freight audit & payment (FAP) providers have long paved the way to gaining this visibility by looking at shipping invoices and breaking down freight spend. What Is Freight or Transportation Spend Management?