Market Review: September
The global freight market in September continues to face challenges across all modes, with capacity constraints, geopolitical factors, and labour unrest driving rate fluctuations and schedule disruptions. (more…)
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The global freight market in September continues to face challenges across all modes, with capacity constraints, geopolitical factors, and labour unrest driving rate fluctuations and schedule disruptions. (more…)
Read MoreShippers continue to navigate a mix of recovery and ongoing challenges across air, sea, and road freight, with varying degree of intensity around the globe. As we move through the third quarter, businesses must remain agile, with the potential for…
Read MoreOver seven months have passed since the Galaxy Leader was hijacked by Houthi rebels from Yemen, and despite numerous US and coalition strikes, attacks on merchant vessels have increased. Conflicts in the Middle East often extend for years, influencing container…
Read MoreThe IMF’s latest World Economic Outlook puts world trade growth at 3% and 3.3% for 2024 and 2025, respectively, while the OECD and WTO predict trade volumes will grow 2.6% and 3.3% in 2024 and 2025, respectively, which is more…
Read MoreThe UK and Euro area economies moved back into expansion territory at the end of the first quarter, with manufacturing growing for a third successive month and new orders (PMI) accelerating to seven-month highs, with 2024 global GDP forecasts revised…
Read MoreHeading into the post Lunar New Year slack period sea freight spot rates retained most of their recent gains and while Drewry’s World Container Index dropped slightly in March it remains 80% higher than 2023 and 130% more than average…
Read MoreThe latest Drewry World Container Index is now 85% below its 2021 peak and 42% lower than the 10- year average, indicating a return to more normal prices. However, it remains 10% higher than average 2019 (pre-pandemic) rates. (more…)
Read MoreWhile much has been made of the impact of the peak season from Asia on sea freight rates, arguably the line’s capacity management is a bigger driver, with rising rates to the US and attempts to recover revenue from Asia…
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