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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.

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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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This Week in Logistics News (May 4 – May 10)

Logistics Viewpoints

Each has the capacity to receive general merchandise items from suppliers in smaller freight loads, known in the industry as less-than-truckload (LTL), and consolidate them into larger freight loads known as truckloads (TL). Hyundai delivered 30 of its fuel cell trucks to Northern California.

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

Resilinc

struck more than 60 targets at Houthi positions in Yemen, aiming to halt attacks on merchant ships. imposed sanctions on two companies based in Hong Kong and the United Arab Emirates for their involvement in financing commodity shipments benefiting Yemen’s Houthis. Freight rates may increase in the short to mid-term.

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Ikea warns of product delays after Red Sea attacks

Operations and Supply Chain Management

Several firms have paused shipments through the route after vessels were attacked by Houthi rebels in Yemen. Several firms have paused shipments through the route after vessels were attacked by Houthi rebels in Yemen. Houthi militants in Yemen have stepped up attacks on vessels since the start of the Israel-Hamas war in October.

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Red Sea and Suez Canal Shipping Crisis Update

Freightos

As a result, widespread reroutings of ocean container traffic away from the Suez Canal continue, and ocean freight rates have begun to spike. This dispatch includes an update on the attacks and the ensuing implications for global freight. Freightos Terminal data shows that Asia – N. America East Coast peak of $22k/FEU.

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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. United States. Uzbekistan.