Are Ocean Freight Rates Falling?
Shipsta
MAY 5, 2022
Since 2020, freight rates have increased or remained stagnant at all-time highs. So, are freight rates finally starting to fall? And what will freight rates look like by the end of 2022?
freight-rates 
How to Make the Most of Falling Ocean Freight Rates by End of 2022
Shipsta
OCTOBER 14, 2022
From scarce and extremely pricey to balanced and more favorable , the freight market has changed drastically in recent months. The global drop in freight rates is a game changer for securing better prices. But is your strategy ready to make the most of the current market?
Price Reduction 
246
246 Join 84,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
Freight Rates & Reducing Your Logistics Costs
Logistics Bureau
SEPTEMBER 19, 2023
It’s not actually about the freight “rate” Sometimes in trying to reduce freight costs, people focus on the wrong things. Understanding freight rates requires you to also look at rate structures and consignment profiles. Because your freight carrier does!
Rate and Performance Benchmarking Tool for Freight Shippers
Food Logistics
MAY 3, 2024
DAT Freight & Analytics introduced DAT iQ Benchmark, an update to its transportation rate and data analytics service for freight shippers.
Tools 60
60 
Downloadable Training Guide: Quoting With CargoWise Modules
Advertisement
With this training tool for freight forwarders, learn how to use CargoWise Quotations and One Off Quotes to create rate cards and spot quotes in order to improve the efficiency and accuracy of your internal processes.
Future Freight Rates Development
Logistics Business Magazine
NOVEMBER 19, 2023
European road and parcel freight rates will increase with 8% in the next six months; Global ocean freight rates are stable at a low level, but air freight rates will further decrease by another 5%. The BCI panel expects that the road freight rates will increase with 8% in the next six months.
Freight 66
66 
Decoding Ocean Freight Dynamics: Unveiling 7 Influential Factors in Rate Fluctuations
MTS Logistics
FEBRUARY 16, 2024
There are many variables affecting ocean freight rate fluctuations. Carriers will want freight rates at higher levels to maximize the profits per-vessel, while BCOs will want to ship with the best possible cost out there. When demand is high, freight rates increase as importers compete for the limited space.
Freight 85
85 
How to Get the Best Freight Rates in 2022
Shipsta
MAY 26, 2022
Getting even a small discount on your freight rates can save your company thousands on your busiest lanes. But as you already know, clinching lower rates is easier said than done – especially in today’s market.
Freight 130
130 
Red Flags Associated with Emailed Unbelievably Low Rates: The Lure and Consequences in Freight Forwarding
Dedola Global Logistics
JANUARY 24, 2024
The allure of low-cost freight rates is compelling. However, these temptingly low offers can be a trap laid by some freight forwarders, a siren song leading companies into hidden pitfalls. This tactic, a bait and switch of sorts, is commonly used by low-cost freight forwarders.
The Easiest Platform to Manage Shipments
Advertisement
As a result, shippers are dealing with high freight costs, late shipments, lack of visibility, process inefficiencies, and other complexities.
*Infographic* Savings On Truckload Freight Rates
Kuebix
FEBRUARY 20, 2020
Truckload solution for shippers with regular shipping lanes Kuebix provides complimentary truckload rate assessments leveraging the Load Match platform to help companies determine whether they are making the most strategic truckload shipping decisions. The post *Infographic* Savings On Truckload Freight Rates appeared first on Kuebix.
Freight 157
157 
Benchmarking your Freight Rates for Maximum Supply Chain Efficiency
Logistics Viewpoints
MARCH 30, 2023
Final Thought Benchmarking your freight rates is an essential part of running a successful business in today’s increasingly competitive environment. The post Benchmarking your Freight Rates for Maximum Supply Chain Efficiency appeared first on Logistics Viewpoints. Currently residing in Mesa, Arizona.
Road Freight and the Rates Trap
Logistics Bureau
MARCH 22, 2022
If you are new to buying road freight or to negotiating road freight rates, this will really help you. Related articles on this topic have appeared throughout our website, check them out: Why Containerised Freight Shipping is Daunting for SMEs. The Challenge of Freight Container Utilisation and Why it Matters.
How to Pick the Right Freight Rate
Logistics Bureau
AUGUST 2, 2022
Understanding freight or trucking rates is vital in your supply chain. Because we still see many companies suffer the consequences of using the wrong freight rate. Related articles on this topic have appeared throughout our website, check them out: Freight Benchmarking: What Is It?
Picking 85
85 
Shipping Freight Rates: Spot or Contract?
Trinity Logistics
MAY 9, 2022
Which has better shipping freight rates? Choosing to use spot rates versus contract rates can be one of the biggest decisions for a logistics manager. TABLE OF CONTENTS WHAT ARE SPOT RATES? WHAT ARE CONTRACT RATES? HOW TO TRACK RATES IN THE SPOT MARKET? WHAT ARE SPOT RATES? Which one is best?
Freight 86
86 
How Diesel Rates Impact Freight Rates | PLS Logistics Services
PLS Logistics
JULY 11, 2022
Diesel rates keep rising, and so are freight rates. Read this blog to see how the transportation industry is handling this.
Freight Rates: 3 reasons shippers who predict rates reduce costs, find capacity
FreightWaves SONAR
SEPTEMBER 29, 2023
Maintaining control over freight rates has never been easy for shippers. freight market has grown in volume since the July 4th holiday, which is counter to historic trends. There is little evidence that freight volumes will fall off significantly in the coming weeks. There is an ongoing shift in each of the 135 major U.S.
How a Dynamic Rate Manager Simplifies Freight Rate Management
MercuryGate
FEBRUARY 7, 2023
Dynamic Rate Manager is an expansion of the MercuryGate Smart Transportation suite, which includes capabilities for visibility, planning, and logistics management. Our customer rating model is intended to automate the calculation of customer rating while simultaneously simplifying freight rate management.
Freight 52
52 
More rates-outlook pessimism -- and more freight fraud
Overdrive Online
FEBRUARY 1, 2023
Meanwhile, latest Bloomberg | Truckstop.com survey shows owners' increasingly pessimistic outlook for freight rates' immediate future, though some optimism remains. The double brokers and ID thieves are most definitely back from the holiday vacation.
Freight 87
87 
Freight Rates Down 90% from China to Western U.S.
MTS Logistics
DECEMBER 7, 2022
Year over year, ocean freights rates have dropped 90% for cargo heading from China to the West Coast of the United States. Many logistics managers are sending messages to clients in the ocean faring freight market warning them freight rates are due to correct themselves in 2023. The Situation. The Outlook.
Freight 94
94 
OECD says shipping freight rates are driving G20 inflation
Supply Chain and Logistics
OCTOBER 13, 2021
In case we didn’t notice it, shipping freight rate increases are the source of significant inflation throughout the 20 most developed countries. If you are complaining about inflation, point here. The firms involved are passing the price rises on to … Continue reading →
Freight 113
113 
Ocean Freight Rates Skyrocket as Red Sea Disruptions Continue
Supply Chain Brain
MAY 8, 2024
Ex-Asia rates have increased by around $1,000/FEU since the end of April, climbing to $4,000/FEU for routes to the U.S. West Coast and Northern Europe.
Freight 97
97 Freight 97
97 
How to Keep Your Shipping Costs Low When Freight Rates Are High
Shipsta
MAY 6, 2021
If you’re trying to figure out what’s happening with freight rates right now, you’re not alone. For the last year, we’ve all seen market predictions flipped on their head from one day to the next – and we’re still no closer to understanding what’s coming next.
Freight 130
130 
Navigating Declining Freight Rates: A Look at the Current Scenario and Future Implications
MTS Logistics
JULY 10, 2023
Starting in 2023, we all knew that freight rates would be plunging, and I was thinking that we would see “2019 freight rate levels” by end of 2023. Coming into July this year, we are seeing freight levels being redder (check out our internal comparison below) than my expectations. From the U.S.
Will Ocean Freight Rates Continue to Rise?
MTS Logistics
AUGUST 23, 2021
Freight rates have skyrocketed since lockdowns went into effect at the start of COVID-19 in March 2020. A series of reasons were behind the rate increases. Absorb high rates. Reflect high rates onto consumers. The post Will Ocean Freight Rates Continue to Rise? Pause goods trading.
Freight 98
98 
When Will Freight Rates Stop Their Ascent?
Turvo
OCTOBER 21, 2021
Reason for the drastic increase in freight prices . Probable events that will lead to a downfall in freight prices. In recent months, businesses and shippers have been plagued with abnormally high freight rates. Freight prices have climbed over 500% in the last year. . Why have freight rates been on the rise?
Freight 81
81 
Adapting to Change: The Influence of Global Trends on Freight Shipping Rates and Practices
GoShip Blog
JANUARY 19, 2024
Freight shipping, a vital cog in the global economy, is undergoing significant changes. Truck freight rates are at the heart of these transformations, a key factor influencing the logistics and transportation industry. Understanding Truck Freight Rates Truck freight rates are the charges applied for transporting goods by truck.
Quarter-End Freight Surges Impact Transportation Rates
CH Robinson Logistics
JUNE 13, 2022
Do month-end or quarter-end freight surges affect your transportation costs? Those familiar with transportation know that month-end or quarter-end freight surges commonly occur, and that your routing guide may not work as well as it usually does during those times. You’re certainly not alone in asking this age-old question!
Contract freight rates vs. spot rates: a tech-driven guide
FreightWaves SONAR
JANUARY 14, 2021
Finding a balance between spot freight and contract freight remains a top priority for freight managers, shippers, brokers and carriers alike. For a carrier or broker, that amounts to getting the best rate per load – whether spot or contract. Why a contract versus freight view misses the bigger picture.
Freight 90
90 
LTL Freight Rates: Using data to improve annual contract negotiations
FreightWaves SONAR
APRIL 13, 2021
With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. Freight consolidation (commonly referred to as retail consolidation, or simply consolidation) is not a new concept. Those are the founding principles behind SONAR SCI Lane Acuity.
Spot freight shipping: What is market rate and how can you achieve it?
CH Robinson Logistics
NOVEMBER 30, 2021
As the transportation market continues to be undersupplied, many freight shippers are delving deeper into their route guides and going to the spot market to gain tender acceptance. Shippers often ask me how I think of the spot market rate and whether their market rate is the same as others are getting.
Freight 106
106 
Ocean Freight rates 2021, an Indian perspective
Shipping and Freight Resource
FEBRUARY 2, 2021
2020 will be remembered by many as one of the years that has caused maximum upheaval in terms of freight rates, space and equipment capacity in all markets around the world. As of the 29 th of Jan, the average freight rates from India West Coast to USA East Coast was around USD3,205/20’ and USD4,010/40’.
Freight 79
79 
9 of the Most Useful Tips on How to Negotiate Freight Rates
GlobalTranz
MAY 13, 2020
Editor’s Note: This is a guest article from Laura Jelen with negotiations.com who discusses some useful tips on how companies can negotiate freight rates a bit better. The post 9 of the Most Useful Tips on How to Negotiate Freight Rates appeared first on Transportation Management Company | Cerasis.
How asset-based carriers are using predictive freight rates
FreightWaves SONAR
FEBRUARY 15, 2021
Asset-based carriers have found using predictive freight rates improves their business. The ability to accurately predict both trucking and load execution costs or rates is a wonderful tool for all carriers. Freight logistics and analytical technology form a strong foundation for lifting any business into the modern market.
Freight 98
98 
The Impact of Macro Factors on Freight Shipping Rates in the US
GoShip Blog
OCTOBER 5, 2023
Freight shipping is a pivotal cornerstone of the economy, driving commerce and facilitating the movement of goods across the nation. Macro factors are particularly influential, casting ripples that can significantly sway freight shipping rates. But it’s not merely about transporting items.
Benchmark Ocean Freight Container Rate to Avoid Overpaying
I.C.E. Transport
JUNE 27, 2023
Over the past year, we’ve seen container rates plunge more than 75% due to slackening demand for capacity. If you’re a global shipper – large or small – you’re likely already reaping the benefits as ocean carriers and freight forwarders slash their prices to match market rates.
Freight 52
52 
Which Factors Determine LTL Freight Rates?
GoShip Blog
JULY 10, 2023
When it comes to LTL freight rates, there are a variety of factors that can influence the cost. This blog post will explore what factors determine LTL freight rates and how to ensure you’re getting the best rate possible. These all work together to determine the LTL shipping rates.
Freight 40
40 
China-US freight rates plunge, but China manufacturing woes create new headaches for shippers
Shipping and Freight Resource
OCTOBER 7, 2021
Spot freight rates are plummeting. Freight forwarders are left holding the bag as demand for space falls along with prices. Suffern, NY, October 06, 2021 —Shippers might finally be catching a break, as China-US spot freight rates plunge in the first week of October. These rates could go even lower.
Freight 101
101 
What You Need to Know About Calculating Freight Rates
Kuebix
MAY 8, 2019
For shippers, calculating freight costs can be one of the hardest expenses to predict and can seriously impact the bottom line. Using a transportation management system (TMS) can help optimize your shipping process and cut freight costs for LTL, truckload, parcel, intermodal, and other shipping modes.
What data is available to track intermodal freight shipping rates
FreightWaves SONAR
APRIL 12, 2021
One of the most popular tools that drives the supply chain to new heights is the process of intermodal freight shipping. This is seen exceptionally well when looking at rail capacity and transportation rates for the modern supply chain. Data accuracy can and does impact freight transportation in a significant way.
Availability 98
98 
Contract Rates vs. Spot Rates: Freight Shipping Pricing Strategies
GoShip Blog
MAY 6, 2022
Let us make it easier for you and help you decide on the best shipping rate. What are the freight pricing options? Due to the versatility of the freight shipping market, your transportation needs may often vary. What are contract rates? What are spot rates?
Flatbed Freight Rates Update for USA-Canada and Canadian Shippers
Freightera
JANUARY 30, 2024
See our new automated flatbed freight shipping rates for shipping within Canada and across the USA-Canada border. We have exclusive rates with our carriers and we update them regularly so be sure to come back often and check them out.
Freight 42
42 
What Is a Freight Rate Index?
FreightWaves SONAR
DECEMBER 14, 2020
The freight market continues to swing upward. It would seem to come down to tracking these truckload freight rate index values. . It would seem to come down to tracking these truckload freight rate index values. . Many enterprises have built unique real-time freight data indices. Download the White Paper.
Freight 64
64 
5 data prerequisites for carrier predictive freight rating in logistics
FreightWaves SONAR
JANUARY 5, 2021
Control over trucking freight rating remains a blip for many carriers, particularly owner-operators and those trying to manage the chaos of a pandemic-stressed industry. Yes, rates have increased throughout the pandemic, but those increases were originally intended as temporary fixes. Now, the industry is changing yet again.
Data 88
88 
Let's personalize your content