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Through innovative technology and strategic collaboration, CrimsonLogic and Newage are set to enhance efficiency and transparency in freight management and customs processes. This integration, which went live last month, aims to simplify customs compliance for freight forwarders across North America — starting with Canada.
Solve for Europe, solve for the world. Europe is also more complex than North America, given factors such as the sheer number of countries and the wide variability in policies, infrastructure and the like. We learned a great deal that can help Europe and, in turn, the globe. For the UK, it’s 71%.
Home Container rates surging as shippers rush ahead of deadlines – June 10, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. Europe prices (FBX11 Weekly) increased 17% to $2,757/FEU. Europe weekly prices increased 4% to $3.75/kg.
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. With the other major carriers also rerouting now, it is likely freight rates will rise for Asia – N. Shipping through the Suez Canal will take more time.
Supporting inbound freight management, outbound flows, domestic distribution, and storage and value-added services would require all three of DSV’s multi-national business units to participate. At the time, each unit had its own team operating according to their own systems and processes.
More Resources Home Empowering Freight Forwarders with AI: Insights from Industry Leaders AI Popup #2 Gaurav Bajaj July 8, 2024 Dive deeper into freight data that matters Learn More Empowering Freight Forwarders with AI: Insights from Industry Leaders For years, technology has been cast as a threat to freight forwarders.
More Resources Home Empowering Freight Forwarders with AI: Insights from Industry Leaders AI Popup #2 Gaurav Bajaj July 8, 2024 Dive deeper into freight data that matters Learn More Empowering Freight Forwarders with AI: Insights from Industry Leaders For years, technology has been cast as a threat to freight forwarders.
Mitigation Strategies in Agriculture Farmers are exploring new export markets in South America and Europe to compensate for declining North American sales. Freight rates have surged due to increased demand for ocean and rail transport, particularly for industries like consumer goods and industrial manufacturing.
Raj Subbiah and Joe Lynch discuss understanding Uber Freight. Raj is Head of Product for Uber Freight , a logistics platform built on the power of Uber with the goal to reshape global logistics and deliver reliability, flexibility and transparency for shippers and carriers. About Uber Freight. About Raj Subbiah.
Nathan Strang and Joe Lynch discuss the challenging shipping environment and why shippers need an ocean freight survival guide. Key Takeaways: Ocean Freight Survival Guide. In the podcast interview, Joe and Nathan discuss the challenging shipping environment and why shippers need an ocean freight survival guide.
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. Europe prices (FBX11 Weekly) decreased 7% to $1,291/FEU.
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. Europe prices (FBX11 Weekly) fell 8% to $1,608/FEU.
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. Europe prices (FBX11 Weekly) fell 34% to $996/FEU.
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.
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.
Also in road freight vehicles, battery-electric or hydrogen-powered drivetrains are close to market launch. In Europe, more than 500,000 road carriers are in the market, 99% of them with less than 50 employees. Thus, freight buyers need to do more to integrate decarbonization into their procurement practices.
Richard Perry and Joe Lynch and discuss the importance of freight bill audit. With extensive expertise in parcel and freight bill auditing, payment, business intelligence, and associated technologies, he offers valuable insights to the supply chain industry. Episode Sponsor: Greenscreens.ai The Greenscreens.ai
Joe Lynch and Chris Pickett discuss what’s next for the freight market. Chris is the Chief Operating Officer at Flock Freight , a technology company that is on a mission to solve the US trucking industry’s wasted capacity problem. in Industrial & Systems Engineering from Virginia Tech, an M.Eng.
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.
Amsterdam, NL – aim10x Europe, hosted by o9 Solutions, brought together more than 300 senior leaders from supply chain, commercial, and IT functions for a focused day of discussion on digital transformation. Following a successful pilot in North America, RHI Magnesita expanded the rollout to Europe. Attendance is free.
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. Europe prices (FBX11 Weekly) fell 13% to $6,787/FEU.
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. Europe prices (FBX11 Weekly) increased 1% to $8,429/FEU.
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.
The North Europe to U.S. The mid-high shipping rate on the Far East to North Europe route has also seen an upward trend, rising by 32% since the end of May and currently priced at $2,704 per FEU. Additionally, the fluctuations in the trade have ripple effects on other routes, such as Far East to North Europe.
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. America and 67% to Europe as Red Sea disruptions pushed demand for air cargo. That reached air cargo quickly.
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.
More Resources Home Empowering Freight Forwarders with AI: Insights from Industry Leaders AI Popup #2 July 8, 2024 Dive deeper into freight data that matters Learn More For years, technology has been cast as a threat to freight forwarders. In fact it’s just the beginning. Gaurav Bajaj, CEO, Solvo.ai
Understanding Uber Freight with Raj Subbiah. Raj Subbiah and Joe Lynch discuss understanding Uber Freight. Raj is Head of Product for Uber Freight , a logistics platform built on the power of Uber with the goal to reshape global logistics and deliver reliability, flexibility and transparency for shippers and carriers.
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. The deepening power crisis has already taken 900,000 tons of smelting capacity offline in North America and Europe. What’s Next?
Over the years, individual locations—the company has several manufacturing locations in Europe and North America—have behaved increasingly autonomously. Ultimately, they decided to work with Uber Freight. The new simplified SAP set-up and Uber Freight’s managed trans services have driven significant benefits for KRONOS.
Founded in 1992 in Baltimore, ICAT Logistics has expanded across the United States and Europe, specializing in handling unusual, high-value, and oversized freight that often falls outside the scope of standard containerized shipping. In his off hours, Chris is a sports enthusiast who enjoys cooking. Packaging bulky loads.
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DHL Group, based in Bonn, Germany, said the investment, which aims to increase capacity and network efficiency, spans its express delivery, freight forwarding, contract logistics and e-commerce units in Saudi Arabia and the United Arab Emirates. ” Click here for more FreightWaves/American Shipper stories by Eric Kulisch.
The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began.
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.
More Resources Home October 25, 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. Judah Levine October 25, 2023 Unbox your Freight knowledge.
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In an earlier issue of LogiSys I summarised the results of a survey that Kuehne Logistics University’s new Center for Sustainable Logistics and Supply Chains and the European Freight and Logistics Leaders Forum (F&L) conducted enquiring about European-based companies’ efforts to decarbonise their logistics. out of six (Figure 1).
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Carriers, freight forwarders, and shippers that were dealing with the China to North America trade lanes were already operating in crisis mode. They are predicting Ocean is going to increase 2-3x from $10,000 to container to over $30,000 per container and that Air freight spot rates and lead times are going to increase 3-4 times.
IT hardware is non-standard freight, meaning it is difficult to move due to its size and sensitivity. This work is being replicated in Europe and other regions of the world as well. This infrastructure brings applications closer to users, preserves data residency, and allows companies to manage their data more effectively.
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