Container spot freight rates have taken on double-digit declines week-on-week on some of the major trades. The Trans-Pacific Eastbound Asia-U.S. West Coast trade is around 80% lower than at the same point last year according to the Freightos Baltic Index (FBX). Further, the shift of U.S. import volumes from West to East Coast ports was […]
Read MoreThe latest 2Q2022 findings of the Container Shipping Market Quarterly Review produced by MDS Transmodal and Global Shippers Forum (GSF), noted that average earnings per container carried had fallen for the first time since 2020. Total container carryings in the second quarter of 2022 also remained lower than the year-ago level in the same period. […]
Read MoreSea-Intelligence studied the effects of capacity removal due to vessel scheduling delays and assessed what it meant for the growth in the global fleet and its impact on the global supply and demand balance. The report found that while the nominal fleet grew at a steady rate of roughly 4% year-on-year in 2020-2022, there was […]
Read MoreThe air cargo market is holding its own despite the onslaught of economic pressures in the past year. According to the latest industry analysis by Xeneta-owned CLIVE Data Services, chargeable weight fell 8% year-on-year (y/y) in December and the general airfreight spot rate registered its largest y/y decline of 35% while capacity recovered […]
Read MorePublic attention has waned two years into the crisis that disrupted global supply chains, giving the impression that everything is back to normal. On the ground, the US’s busiest port complex is still battling bottlenecks across the board. Responsible for 42% of all containerized trade with Asia, the US’s largest hubs of Los Angeles and […]
Read MoreSupply chains are experiencing a massive bullwhip from the COVID economy and have built up massive inventory levels. A slowdown in consumer spending caused by inflation and a potential recession will have a massive impact on freight demand and prolong an inventory drawdown. As we look at the pandemic through the rearview mirror, the economy […]
Read MoreA drop of exports from China has Asian shippers stepping in to fill the gap, according to data showing a recent surge of Trans-Pacific containerized imports into the U.S. The share of U.S. imports from China compared to all Asia imports contracted approximately 6 percentage points to 58.7% between February and April. Vietnam, the […]
Read MoreU.S. intermodal volumes dropped 6.6% year-over-year in the first quarter of 2022, reports the Intermodal Association of North America (IANA) in its Intermodal Quarterly report. International containers registered a decline of -15.5% and trailers of -12.8%, while domestic shipments recorded positive growth of 5.2% The first quarter decline was preceded by contractions in the […]
Read MoreOf the world’s top-five most connected economies, four were in Asia in the third quarter of 2021, according to the United Nations Conference on Trade and Development (UNCTAD). China had the highest liner shipping connectivity followed by Singapore, Republic of Korea, Malaysia, and United States A majority of the largest ports in the […]
Read MoreData from Accenture’s Seabury indicated capacity out of Shanghai had fallen 40% from March although data from Clive Data Services showed load factors have reached the lowest levels ever recorded. Niall van de Wouw, head of airfreight at Clive Data Services said Shanghai Westbound load factors were 49% last week. “The average between January and […]
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