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June 4, 2024 Update

Freightos

Global congestion is estimated to be tying up about 7% of total capacity with the worst example currently in Singapore , where diversions have resulted in increased transhipment volumes for Middle East and Red Sea destinations or from intra-Asia containers as carriers omit other port calls to try and recover schedules.

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November 21, 2023 Update

Freightos

Judah Levine November 21, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) decreased 8% to $1,573/FEU. In air cargo, Freightos Air Index data show China – N.

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May 1, 2024 Update

Freightos

Some West Mediterranean ports , for example, are now being used as transshipment hubs for East Mediterranean-bound containers, leading to some congestion there, and terminals in Colombo, Sri Lanka are also facing some backlogs as volumes have increased there for transhipment to the Middle East. In air cargo, Freightos Air Index China to N.

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December 6, 2023 Update

Freightos

Judah Levine December 6, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) were level at $1,620/FEU. Asia-US East Coast prices (FBX03 Weekly) were also level at $2,367/FEU.

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November 7, 2023 Update

Freightos

Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,609/FEU. Freight news travels faster than cargo Get industry-leading insights in your inbox.

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Two Modes, Split Roads

Freightos

That is a huge success story for the air cargo industry and as promised it has brought significant efficiencies. For example, some carriers shared with us their APIs for contract rates, others for spot rates, some for rates but not ebooking, others share APIs via third parties who charge an exorbitant price for accessing the API.

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Navigating Uncharted Waters: SMB Importers, 2024 and Red Sea Crisis Lessons

Freightos

For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began. Exploring alternative shipping routes and modalities, including air cargo, is crucial despite the higher costs. and bakes really good cookies.