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Panama Canal Expansion. The Panama Canal expansion, slated for completion this spring, will impact logistics in a big way. You can read more on the topic in our recent white paper, Wide Open: How the Panama Canal Expansion Is Redrawing the Logistics Map [DK1] , which was written collaboratively with Boston Consulting Group.
Leading Practices in Transportation Procurement (2,166 views). The Panama Canal Expansion: The Impact on Logistics Strategies and Operations (2,057 views). The Rebirth of Transportation Marketplaces (UberCARGO, Cargomatic, and Freight Friend). What Are Other Shippers Doing? Want a Better Supply Chain?
More Resources Home November 7, 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 increased 21% to $5.72/kg
More Resources Home Red Sea and Suez Canal Shipping Crisis Update Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Even with an international naval force in place, Houthi attacks on commercial vessels in the Red Sea continue. The number of impacted Asia – N.
More Resources Home November 15, 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 3% to $5.56/kg
However, Nerijus Poskus, director of pricing and procurement for the freight forwarder and customs broker Flexport, predicts that this spike won’t last longer than one or two months. In addition, the recent expansion of the Panama Canal has led companies to build larger, newer ships.
freight and logistics industry continues to mitigate recessionary conditions and that was reinforced by the April 2023 Logistics Manager Index (LMI) reaching its lowest level lowest level in six and one-half years. This survey was conducted in May among participants in the global freight forwarding community.
More Resources Home December 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. America weekly prices decreased 7% to $5.88/kg
The Related Concern The related concern is the ongoing drought conditions in the areas surrounding the Panama Canal which for weeks have restricted the volume of vessels that can transit this canal because of the low water levels in the staging basin area. container traffic travels through the Panama Canal every year.
More Resources Home December 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. America weekly prices were level at $6.30/kg Europe – N.
More Resources Home December 19, 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 were level at $5.86/kg
More Resources Home November 28, 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 increased 20% to $6.28/kg
As we have noted in this thread of updates, to a further extent, shipments from Asia eastward that traverse the Panama Canal are an important added backdrop to ocean transport disruption impacts. In parallel is the assessing of the related restricted ship transit volumes surrounding the Panama Canal because of low water levels.
More Resources Home December 28, 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. China – N. Europe weekly prices fell 17% to $3.97/kg
Panama Canal Expansion. The Panama Canal expansion, slated for completion this spring, will impact logistics in a big way. You can read more on the topic in our recent white paper, Wide Open: How the Panama Canal Expansion Is Redrawing the Logistics Map , which was written collaboratively with Boston Consulting Group.
Moeller Maersk in conjunction with the reporting of Q3 quarterly financial performance announcing that the company will cut more than 10,000 jobs amid a current surplus of shipping vessels, sharply lower freight rates and contracting levels of shipping demand.
More Resources Home February 13, 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. America weekly prices decreased 35% to $3.91/kg
Let's look at some specific steps that procurement leaders can take to minimize the possible financial impact of supply chain disruption. Invest in sophisticated procurement systems , automation, and AI to capture data that maximizes the end-to-end visibility of capacity, demand, finances, inventory, and supply.
gulf region due to Panama Canal restrictions. In fact, there were some instances where vessels had to unload cargo in Panama to get through the canal. Ocean shipping volumes into the East Coast have remained somewhat steady this year, due in part by the Panama Canal’s weight restrictions. Procure enough capacity.
More Resources Home January 24, 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 weekly prices fell 6% to $3.34/kg.
At the same time, street blockades and trucker strikes are exacerbating those desabastecimientos in population centers such as Panama City. Next thing to watch,” writes Murray: “How air-freight rates fare when Europe’s temporary rules allowing goods to ride in vacant passenger cabins expire later this month.”.
Business media has further reinforced that at same time, the Panama Canal , which is the globe’s other key transit route, continues to deal with restraining daily transit levels because of low water levels brought about by severe drought. That is in the light of expected excess shipping vessel capacity available in 2024.
For example, the widening of the Panama Canal will change the conditions here in North Carolina, as enormous container ships will be circumnavigating the globe. And in Panama a huge transshipment area will grow where they will will do break bulk, put cargo onto smaller ships and send to North America.
freight and logistics sector in in a condition of contractionary recession , that adds to demands for higher worker compensation. The Wall Street Journal indicated in May an atmosphere of rising tensions between companies and workers. Dockworkers, truckers, rail and warehouse workers in Europe, Asia, and the U.S.
maritime transportation, state of the art warehousing, logistics and air freight capabilities. According to reporting by The Wall Street Journal (Paid subscription) , the deal includes two port terminals situated at either end of the Panama Canal , the Port of Balboa and the Port of Cristobal.
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