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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...
Thanksgiving, And Carriers Are Thankful. Freight Rate Update W46
Freight Rates Are Down, But Carriers Have Something To Be Thankful For. The annual peak season rush typically sees spiking freight rates well into November. The rush is still there this year. Shipments are up...
At Long Last Ocean Freight Rates Are Rising: Freight Rate Update W45
A Tale Of Two Cities, But At Long Last Ocean Freight Rates Are Rising. Dickens may not have had freight on his mind but for peak season…it’s truly the best of times and the worst...
The Salvation Of Peak Season? Freight Rate Update W43
It’s the height of peak shipping season and despite a decidedly lackluster October, many carriers have scheduled general rate increases (GRIs) for November. And they couldn’t come sooner; China-US West Coast prices last week were nearly 30%...
Freight Rates Still Down, But Is There Change In The Air?
It’s the peak of peak season. But over the past eight weeks, China export rates have decreased nearly every week. Beyond that, China-US East Coast rates have now declined for seven consecutive weeks, while four...
The Peak Season Surcharge That Wasn’t
This article originally appeared on Zvi’s LinkedIn page. I spent last week traveling around Asia (6 cities in 6 days!) and one of the recurring themes I heard was shock from carriers about flagging rates. This goes...
Peak Season, GRIs, and Data Transparency
By Noam Fraenkel, VP Data and Market Intelligence Peak season or not, September just kicked off without a China-US GRI. It also kicked off with speculation on the mid-month GRI. Since early July, peak season...
Freight Index Update: 9 April 2017 (W14)
Rates are looking up. Last Sunday’s Freightos Index kicked off with little to no signs of a GRI, with three core lanes showing no movement, and two (China – US West Coast and Europe – US) heading down. But by...