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The World’s Shippers Are Earning the Most Money Since 2008

Supply Chain Brain

The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing under the weight of COVID-19 drives freight prices ever higher.

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Innovative Synergies: Logistics Tech Lessons from Other Industries

Freightos

Here, again, ocean freight is looking to examples from other industries for tested solutions to recurring problems. For bulk, the market crash in 2008 was a turning point that pushed its derivatives market to maturity and led to the widespread hedging in bulk today.

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High freight costs for importers means higher price tags for consumers

Freightos

You might not think about shipping containers and ocean freight when you click “buy” on your Amazon order, but there’s a direct connection between the two. Starting in July 2020, the impact of this trend became obvious when ocean freight prices shot up, and have continued rising. What’s changed in a year?

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Are Ocean Freight Prices Absolutely Broken?

Freightos

Shipping containers are like scotch. . But decisions about how many barrels to produce or how many ships to sail have to be made in advance. Is ocean freight pricing broken? It starts back in 2008. . It’s hard to predict what demand will be like for products like these ahead of time. And it can be fixed. Enter COVID-19.

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Are Ocean Freight Prices Absolutely Broken?

The Logistics & Supply Chain Management Society

But decisions about how many barrels to produce or how many ships to sail have to be made in advance. Is ocean freight pricing broken? It starts back in 2008. As ocean carriers were just signing checks to build massive ships, the global financial crises hit and shipment volumes sunk like a Led Zeppelin. Enter COVID-19.

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Driving the Mission with Graig Morin

The Logistics of Logistics

His career has varied from working on loading docks to hauling general freight. He has been a truck driver all of his professional life so he also understands the complexities of transport and how important it is to have top drivers handling your freight. Since 1998, Graig has been fully involved in the transportation industry.

Arlington 177
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The Potential Impact on Shipping of a Global Recession

Intelligent Audit

The question now is what will the impact of such a recession be, particularly on shipping. What Happens to Shipping. Shipping, especially global shipping, is uniquely vulnerable to recessions and the effects of the downturn of 2008-2009 are still being felt today. Which, in turn, will drastically impact shipping.