The U.S.-China trade talks throw another curveball at shippers and leave no time to move containers ahead of new tariffs. Market experts see no quick relief at hand, and the weak rates are the set-up for service cuts by the ocean carriers in the coming weeks. As reported in FreightWaves, the Freightos Baltic Index for […]
A five-month drought in Panama has reduced freight carrying capacity of the country’s canal of ocean carriers by nearly one-fifth. It’s also giving an unseasonal boost to shipping rates for U.S. East Coast-bound cargo. Starting next week, the Panama Canal Authority will reduce the maximum allowable draft for the largest of ships that use the […]
The raise adds to the flurry of activity that has hit the digital freight forwarding space since the beginning of 2019.
FreightWaves adds air temperature information as well as new fleet count data.
World’s largest ocean freight forwarder adds money-back guarantee and carbon offset to what is now considered ‘table stakes’ in ocean freight.
WebCargo by Freightos has acquired India-based Air Freight Bazaar, with the intent of expanding its footstep in global air cargo digitalization.
Plus: Amazon acquires warehouse robotics startup; Germany reckons with electric vehicles
NYSHEX looks to bring in other trade lanes to its platform while Freightos sees ocean shipping outmatching other modes in digital drive.
project44’s Jett McCandless, KeepTruckin’s Ori Franco, Transfix’s Drew McElroy, and Freightos’ Philip von Mecklenburg-Blumenthal were all panelists.
New service aims to provide smaller shippers more certainty when booking ocean freight.
The Panama spread (FBX.PANA) widened last night when Freightos released new container rates for this week: rates from China to the American East Coast (FBX.CNAE) climbed to $3,683, while rates to the West Coast (FBX.CNAW) fell slightly to $2,527.
The North Carolina Department of Transportation says not to travel in or to the state; Walmart grabs a 200K square foot foothold in NYC; the IMF says British economy will contract if no deal on Brexit; Freightos raises $45M; global seaborne coal trade grows 4%; Tesla’s having a hard time delivering cars.
Freightos raised an additional $44.4 million in a third round of funding, led by the Singapore Exchange, as it seeks to expand into risk management tools for container shipping.
The Freightos Baltic Container Price Index shows the volatility of container prices out of China to the North American West Coast as importers try to adjust to a new era of global trade.
High capacity, steady rise in oil prices, a weaker U.S. dollar and a dull spot market had sunken margins of shipping majors in Q1 2018.
China-U.S. ocean freight rates have been falling continuously for the record 32nd week, in the wake of the Chinese New Year and a continous surge in capacity.
Despite its consistent growth, international trade is very fragmented with small businesses accounting for 1/3rd of U.S. imports. So how would freight movement be for such companies in the future?
It is estimated that international trade-related freight transport accounts for nearly one-third of the total emissions across the world. Such situations call for innovation in the freight industry that could help mitigate carbon footprint through optimizing fuel consumption and improving operational efficiency.
