Remove 2019 Remove Cargo Remove Shipping
article thumbnail

September 26, 2023 Update

Freightos

A recent analysis suggests that some spending growth is on the types of goods , like video games, that don’t ship by ocean container – another factor in the relative disconnect between spending and freight. In air cargo, more forwarders are reporting signs of life for ex-Asia volumes, which is a good omen for hopes of an air peak this year.

Asia 307
article thumbnail

This Week in Logistics News (April 27 – May 3)

Logistics Viewpoints

Amazon in the news: Amazon’s Prime orders are getting delivered faster and faster Hawaiian Airlines slowly adds freighters for Amazon business Walmart in-store AI is giving employees advice on how to sell products USPS delivery unit proposal sparks service, cost concerns for shipping partners White House earmarks $1.5B

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Containerized shipping joins modern financial world with CME futures

Freightos

trillion dollars in 2021 , up 13% from 2019. The cost of importing a 40’ container from China to the United States West Coast grew 1,000% from $1,800 in 2019 to over $20,000 in September 2021 according to our Freightos Baltic Index (FBX). As a result, they went from paying $45 per mattress on shipping to $375 per mattress in 2021.

article thumbnail

Shipping Emissions in Focus: Ship It Zero Reveals Amazon, LG, Samsung and Home Depot’s Stalled Progress

Logistics Viewpoints

Just in time for the holidays, the Ship It Zero campaign is bringing visibility to the impacts of dirty ocean shipping caused by mega retailers all year round but especially as they ship their goods during the holiday season.

Shipping 144
article thumbnail

October 4, 2023 Update

Freightos

Asia – Mediterranean prices are below $1,500/FEU so far this week, their lowest level since 2019. America East Coast prices fell 8% last week and continued their slide so far this week with daily rates at $2,249/FEU, 18% lower than in 2019 and their lowest level since mid-2018. America rates increase 8% last week to $4.75/kg,

Asia 177
article thumbnail

The Great Maersk Shift

Freightos

Demand for ocean freight was lower than anticipated, and Hanjin Shipping, another top ten ocean liner, was already teetering on the verge of bankruptcy. The Post-2016 Strategy: End-to-end Shipping. While not outrightly linked to this release, Maersk, now a shipping line and forwarder, terminated its key account status.

article thumbnail

October 11, 2023 Update

Freightos

Nonetheless, August volumes were on par with 2019, September and October ocean imports are projected to be 3-4% higher than pre-pandemic, and November/December at least 9% higher. Transpacific rates to the West Coast fell 11% last week to about $1,500/FEU, and is the only major lane with rates still above 2019 levels. Asia – N.

Israel 156