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Prices Set To Ramp Up For Chinese New Year: Freight Rate Update W2
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. Following brief dips...
Supply Chains (And Freight Rates) Crank Up Again: Freight Rate Update W1
Weekly update article on the Freightos International Freight Index exploring rate trends and their driving forces. As supply chains crank back into action following the vacation, the January ocean freight GRI (General Rate Increase) stuck, with China-US...
The Digital Freight Ecosystem Part 2: What’s Bringing Freight Online
In the first part of this article, Dr. Schreiber observed that freight is still largely offline and examined why freight digitalization has been so complicated. However, despite formidable challenges, the logistics industry has been anything but...
The Digital Freight Ecosystem Part 1: It’s 2018 and Freight Is Still Mostly Offline
Two years ago, I predicted 2016 would be the year international freight moves online. I was right and wrong. 2016 was the year the seeds of change were planted. We had more conversations than I can recall with corporate...
Year Ends On A High For Air & Ocean Rates: Freight Rate Update W51
Weekly update article on the Freightos International Freight Index exploring rate trends and their driving forces. Against a background of IATA’s estimated 9.3% growth in world cargo volumes for 2017, air freight rates have been dramatically up...
Air Freight Rates Peak, Ocean Rates Slowly Sink: Freight Rate Update W50
Early week snowstorms at major airports (like Frankfurt and Atlanta) continue to play havoc, while peak air season may extend into February. Rates have been stabilizing, but by the time pre-Christmas backlogs are cleared, the...
Air Freight Frenzy: Freight Rate Update W49
Last week saw yet more congestion for air freight, along with more sky-high air rates around the globe. US airports are experiencing significant congestion in the run-up to Christmas, affecting both domestic and international freight...
Carbon Emissions in Logistics: The Road To Green International Freight
Two years ago this month, at COP21, the world committed to capping the global rise in temperature (the Paris Agreement). This became a hot topic recently when President Trump announced he was pulling the US out....
Air Freight Hits Capacity. Ocean Rates Still Falling: Freight Rate Update W48
Air Freight Hits Capacity. Ocean Rates Still Falling. Last week was the first time in at least ten years that air cargo in Europe hit capacity. That saw some shippers paying sky-high air rates to...
Ocean Rates Down 42% From Nov. 2016: Freight Rate Update W47
The Biggest Gap On Last Year’s Ocean Prices So Far This Year Fittingly, while ocean rates are taking a deep dive, air freight rates are still soaring, bolstered by strong e-commerce and limited capacity. On...