29 Nov 2023

Air Cargo Market Expected to Stabilize in 2024, but Potential Disruptions Remain

After several years of volatility, the air cargo market is anticipated to stabilize in 2024, with a return to “classic seasonality.” However, industry experts caution that unforeseen events could still cause turbulence. Data provider Xeneta projects modest growth of 1-2% for air cargo volumes in 2024, while supply is expected to increase at a slightly […]

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02 Nov 2023

Air Cargo Peak Season Boost Fades

Air cargo demand hopes for a late-year surge faded in October, with data showing only a slight increase in demand. Xeneta, a data provider, reports that air cargo demand rose 2% in October compared to September, which it describes as “sub-seasonal” compared to the previous five years. General air cargo spot market rates also increased […]

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13 Oct 2023

Exporters face challenges in container shipping market, despite improvements

  Freight rates are higher and scheduling complications are worse than pre-COVID ‘normal’. Container rates for U.S. imports have normalized. Rates for America’s exports have not. Both spot and contract rates for U.S. exports are still up double digits from pre-COVID levels. And rates are not the biggest cost issue exporters face, according to Peter […]

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06 Oct 2023

PierPass Fees at Ports of Los Angeles and Long Beach to Increase 4% Effective November 1, 2023

  Members of the West Coast Marine Terminal Operators Agreement (WCMTOA) announced that the PierPass fee will increase on November 1, 2023 by 4 percent, from USD 34.21 per TEU (twenty-foot equivalent unit), and USD 68.42 for all other container sizes, to USD 35.57 per TEU, and USD 71.14 per FEU (forty-foot equivalent unit), respectively. This fee is called […]

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14 Sep 2023

Airfreight Rates Continue to Climb in September

Airfreight rates showed signs of recovery in September, marking the first significant improvement in over a year. The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average rates – spot and contract – paid by forwarders from Hong Kong to Europe and North America increased for the second month in a row […]

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22 Aug 2023

Trans-Pacific Shipping Lines Increase Blank Sailings to Prevent Rate Crash

  Ocean Carriers’ Successful Vessel Supply Adjustments Could Be Disrupted by New Vessel Deliveries. Recent increases in freight rates on the trans-Pacific route have been attributed to ocean carriers successfully adjusting vessel supply to meet demand through schedule changes and canceled sailings. However, this balance could be disrupted by the impending delivery of new vessels, […]

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