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Two Modes, Split Roads

Freightos

Instant eBookings on the Freightos platform have enjoyed a staggering compound annual growth rate (CAGR) of 272% in the last 3 years, with growth dominated by airline bookings. Remember that there was zero airline ebooking at the beginning of 2018. There is progress in digitalizing ocean freight, but its been slow and inconsistent.

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TPM24: Key Takeaways on Geopolitics, Technology and Other Drivers of Ocean Freight in 2024

Freightos

Jensen also pointed out, though, that with capacity being used for diversions, there is little slack available should any additional disruption arise, and such an event really could cause a crisis. But Sea Intelligence’s Alan Murphy thinks rates will settle 1.5-2X 2X their long term average while diversions continue.