Air Cargo Rides Wave of Economic Uncertainty: Xeneta Report
A surprise summer of growth in global air cargo volumes showed no sign of abating in August as demand rose +5% year-on-year for a second consecutive month, but falling spot rates are likely to be a more telling indicator of the market outlook as shippers, airlines, and forwarders continue to battle against economic uncertainty, say […]
Air Cargo Market Awaits Impact of Tariffs and De Minimis Changes
Over the past 10 years, U.S. consumers have paid no duty on shipments valued at $800 or less, causing the volume of cross-border packages into the U.S. to soar to some 1.35 billion annually. As of May 2, however, low-value products sourced from China and Hong Kong into the U.S. will be subject to 145% […]
Ocean Carriers the ‘Outright Financial Winners’ in a Year of Unpredictability
A year of unpredictability has led to substantial increases in both ocean and air freight rates, according to this week’s report from Transport Intelligence (Ti), and complicated market factors are making future trends hard to predict.
Supply Chains Expected to Take Weeks to Recover After U.S. Port Strike
Strike action at ports on the U.S. East and Gulf Coasts ended on Thursday, after a new wage agreement was reached – but a backlog of more than 40 ships waiting to offload cargo means the pain is not yet over.
Alert to Shippers as Airfreight Capacity Becomes Scarce and Rates Increase
As air cargo’s peak season approaches, shippers are faced with limited capacity, allowing forwarders to up their sell rates on major trades.
Xeneta Sees Ocean Container Spot Rates Peaking
The dramatic surge in ocean freight container shipping rates appears to be reaching its peak as importers push back against rising spot rates, according to data released by Xeneta on Monday.
Global Demand for Ocean Container Shipping Hits All-Time High
Global demand for ocean freight container shipping hit an all-time record in May amid soaring spot rates and severe port congestion, according to data released by Xeneta and Container Trades Statistics.
Forwarders and Shippers Bracing for Anticipated Q4 Hike in Air Cargo Rates
Airlines are looking ahead to air cargo’s fourth-quarter peak season to decide how best to maximize returns from capacity out of Asia as spot rates are predicted to go sky high.
Trade Strains Boost Cargo Rates at Pace Recalling COVID ‘Chaos’
Global goods trade is showing signs of accelerating after last year’s slump, pushing up shipping rates and giving some supply chain managers flashbacks to the demand spike that disrupted international commerce three years ago.
Ocean Carrier Cocktail Leaving a Sour Taste in Shippers’ Mouths
The ocean carrier cocktail is back and it packs a punch. Two parts canceled sailings that spice up spot rates, coupled with a stiff pour of general rate increases, leaves shippers with a dull headache and a thinner wallet.