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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. OOCL is the only carrier to announce they will suspend service to and from Israel in response. Oil tankers have also begun avoiding the Red Sea.

Freight 247
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Top 8 Industries Affected by The Red Sea Crisis in January 2024

Resilinc

An escalation in conflicts, such as the Israel-Hamas conflict or a shift in Houthi targets to oil tankers and bulk carriers, could have severe implications for the global economy. If the attacks continue, this crisis could trigger inflation due to higher global freight and insurance rates, along with supply chain disruptions. #5

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Ikea warns of product delays after Red Sea attacks

Operations and Supply Chain Management

Houthi militants in Yemen have stepped up attacks on vessels since the start of the Israel-Hamas war in October. Nils Haupt, head of corporate communications at shipping firm Hapag Lloyd, told the BBC’s Today programme that bookings for new freight trips are set to cost more.

Yemen 52
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FedEx Announces New March 2022 International Shipping Surcharges

Intelligent Audit

The new peak surcharges for FedEx Express parcel and freight services, effective March 7, 2022 , are as follows. Parcel and freight exports from Macau SAR, China to Europe, MEISA, some LAC countries 1 , and some APAC countries and territories 2 – Increasing $0.25 FedEx Express International Shipping Surcharges. per pound or $1.50

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Complex costs of transportation

Supply Chain Movement

10 questions about Freight Spend Management. There are numerous ways a shipper can reduce freight spend. And freight costs are continuing to rise, pushed upward by factors such as globalized distribution and unpredictable fuel prices. This is an important aspect of managing freight spend. Holy See (Vatican City State).

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Mindmap for Global Logistics Integration

Supply Chain Movement

Third, it is essential the system generate pre-invoices to reduce carrier invoice uncertainties, eliminate fraud, and manage freight spend. Heard Island and Mcdonald Islands. Holy See (Vatican City State). Iran, Islamic Republic of. Isle of Man. Kazakhstan. Korea, Democratic People's Republic of. Korea, Republic of. Kyrgyzstan. Mozambique.

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3PL Subway 2015: Strategic movements among logistics providers

Supply Chain Movement

The Japanese freight mover Kintetsu World Express has expanded recently outside its home market with the acquisition of APL Logistics, which has a strong base in America and Europe. Heard Island and Mcdonald Islands. Holy See (Vatican City State). Iran, Islamic Republic of. Isle of Man. Kazakhstan. Korea, Democratic People's Republic of.