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Fixed-Price Ocean Contracts are Dying a Slow, Painful Death…

Freightos

Traditional fixed-price contracts, once the bedrock of stability, are yielding to the pressures of market dynamism, unable to keep up with the factors impacting the markets. The pivot towards index-linked contracts and Forward Freight Agreements (FFAs) is not merely a trend but a strategic recalibration towards agility and resilience.

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Contract warehousing vs public warehousing: what’s the difference?

Kanban Logistics

In this article, we’ll compare and contrast the two most common types of 3PL warehousing: contract warehousing vs public warehousing. Warehousing definitions Contract warehousing With contract warehousing – also known as dedicated warehousing – you pay a 3PL to fully dedicate one (or more) of its warehouses to your operation.

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The Latest Updates on the Canadian Port Strike: The Strike Ended with a Deal

MTS Logistics

A major dockworkers union on the West Coast of Canada have thrown their support behind a tentative contract deal with employers. The strike concluded last week with a provisional agreement that was subsequently turned down by the union leadership. Earlier this month, approximately 7,500 dock workers went on strike for 13 days.

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For Many, the Annual Freight Bid Season is Not “The Most Wonderful Time of the Year”

Logistics Viewpoints

For decades, shippers have sought proposals and awarded contract lanes to carriers. Shippers and carriers have described the process as time-consuming, and the results are often obsolete three months into a year-long contract due to market dynamics. Carriers routinely implement General Rate Increases during the contract period.

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September 26, 2023 Update

Freightos

More Resources Home September 26, 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. Europe prices (FBX11 Weekly) fell 34% to $996/FEU.

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Shipping Freight Rates: Spot or Contract?

Trinity Logistics

Here enters the contract and spot markets. Some believe the spot market is the way for shippers to save money and stay on top of capacity, while others think it’s contract. Choosing to use spot rates versus contract rates can be one of the biggest decisions for a logistics manager. WHAT ARE CONTRACT RATES?

Freight 82
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Culina acquires IRF Transport

Logistics Business Magazine

Culina Group, a leading provider of shared-user FMCG logistics services, has announced an agreement to take over International Road Ferry (IRF) as from Tuesday 3rd January 2023. The terms of the agreement, including consideration, have not been disclosed. said Antoine Ligtvoet, CEO, International Road Ferry.