This week in Borderlands: Container shipments from China to Mexico skyrocketed in January; construction set for border logistics park in West Texas; Nippon Steel set to build $71M plant in Mexico; and China-based auto supplier announces $178M investment in Mexico.
The combination of Red Sea detours and Panama Canal restrictions is having a knock-on effect: higher Asia-West Coast rates.
The key question for container shipping rates: How soon can Operation Prosperity Guardian woo traffic back to the Red Sea?
After two consecutive years of negative growth, air cargo is shaping up for a rebound in 2024, according to the International Air Transport Association and industry experts.
The recent rate rebound turned out to be fleeting. As rates deteriorate yet again, shipping lines face mounting losses.
After double-digit gains since June, trans-Pacific spot rates have just surpassed contract rates, according to Xeneta data.
June volumes of containerized imports were higher than normal and the National Retail Federation predicts more gains ahead.
Cargo airlines and third-party logistics providers are crossing their fingers for a resurgence of air shipments by October. But indications are increasing that the peak season may go out with a whimper.
Demand remains tepid, yet shipping lines have pushed spot rates off the bottom and secured contract rates above spot levels.
Not all cargo markets are back to pre-COVID “normal.” Container shipping rates to South America remain elevated.
The Europe-U.S. trade held up a lot longer than the Asia-U.S. trade, but trans-Atlantic premiums are now fading away.
“We are starting to see ocean carriers systematically take geopolitical risk into consideration,” says Xeneta’s Erik Devetak.
Two container shipping experts give their take on how the hangover after the pandemic boom could play out.
Business is very soft in the air cargo sector and likely to get softer still, but there are signs that demand could spark up in the second half of the year.
A year ago, shippers were in scrums to find cargo space on airlines. The market has softened considerably and 2023 could see more declines before things get better.
Trans-Pacific spot rates fell first. Trans-Atlantic spot rates and Asia-U.S. contract rates look like they’re next in line.
Freight management companies are not making long-term shipping commitments with airlines to avoid getting stuck with unneeded bookings.
Spot shipping rates continue their historic slide, putting even more pressure on container lines’ contract business.
Ocean carriers have been shielded by lucrative annual contracts with cargo shippers, but contract coverage is starting to crumble.
Good news for shippers is bad news for airlines as cargo demand and rates retreat again in October.
“This new funding will help us accelerate development of our platform and add even more data sets to enrich our expert industry analyses to further drive transparency in the market,” says Xeneta co-founder and CEO Patrik Berglund.
The airfreight sector remains chaotic, but a better-than-expected August is spurring optimism for solid results during the busy shipping season.
Container shipping rates remain far above pre-COVID levels, yet there are more signs of prices easing.
The air cargo market continues to lose altitude in the face of an overall economic slowdown and supply chain dislocations. Whether swiftly changing conditions enable airlines’ cargo business to swing […]
The future of global supply chains is in flux. The pandemic was a game changer. Then came the war.
The debate heats up on whether this is the beginning of the end of container shipping’s bull run.
The air cargo market turned negative in March, after a strong February, because of the Ukraine war. Analysts say inflation and lower export orders could signal less shipping activity ahead.
Xeneta CEO Patrik Berglund explains how carrier negotiating power has changed the annual contracting equation.
Long-term contract rates are at record highs. Shipping lines hold all the cards at the negotiating table.
How could the consensus — that container spot rates will remain extremely high — be wrong?
“Expectations are that high consumer demand and low inventory levels will keep rates elevated well into next year,” says Peter Sand, chief analyst at Xeneta.
After brief reprieve, trans-Pacific shipping rates head back up, pointing to ongoing supply chain pressure.
Trans-Pacific container shipping rates remain exceptionally strong despite a dip earlier this month.
Ocean cargo shippers are paying more than they ever have before for the worst service they’ve ever experienced.
Pullback in trans-Pacific shipping rates: beginning of the end or brief reprieve with end still not in sight?
As stimulus-fueled demand overwhelms trans-Pacific capacity, a widening freight spread leaves small shippers behind.
Disparities between container index prices wider than ever after big course correction by Freightos.
U.S. importers will be paying a lot more for annual ocean contracts this year, but pricing inflation has eased.
California’s container-ship traffic jam is slightly less jammed but import pressure remains high. One analyst warns the worst may be yet to come.
It’s not just small and midsized importers that face massive contract rate hikes. Even the biggest shippers will feel the pain.
Maritime rates are still soaring as ports stay backlogged, but could a federal mask mandate help alleviate some of the issues?
Container lines score huge negotiating advantage as spot-rate surge set to persist through annual contract season.
Trans-Pacific spot index rates haven’t budged from the same peak band for the past 10 weeks. How is this possible in a competitive free market?
There will be no letup in booming container imports in 2020. The only question now is how long it lasts into 2021.
‘Get ready for the biggest restocking cycle on record,’ says Jefferies.
Carriers are “jacking up” spot rates to improve their negotiating hands with shippers as they agree pricing for IMO 2020 fuel bills and long-term Asia-Europe contracts.
We’ve got a 45’ container of stacked show today with all the latest news on global trade tensions, the numbers on how the trade war is impacting shippers, Xeneta CEO and Co-Founder Patrik Berglund dials in, and in correction corner former Roanoke Trade board member, owner, VP…and also Dooner’s dad Jerry Dooner schools us on General Average!
With spot container freight rates continuing to tumble, carriers are forecast to withdraw more capacity ahead of annual contract negotiations with shippers.
Shippers will shun container lines that lack transparency or overcharge for low-sulfur fuels.
Trade would sort itself out in the longer run post-Brexit, but it is hard to forecast when that would happen.
Xeneta is a freight rate benchmarking platform focusing on ocean freight. It aggregates rate data from various companies into a platform and provides market average rates, lows and highs to its customers.
