As the prospect of a return to pre-Covid rate levels recedes ever further, relentlessly high airfreight pricing is prompting more and more shippers to look for alternatives.
Forwarders are being tasked to understand their supply chains better and come up with creative solutions.
But they and shippers see no sign of pricing descending from the stratosphere any time soon.
“It will be some time before we return to pre-Covid rate levels,” said Jeff …
The post More modal shift as shippers and...
“Hell on the high seas” has triggered a new rise in air freight rates after a period of relative stability, say forwarders.
One forwarder called the shipping lines “abusive”, with a strategy that is sending shippers back to air freight.
“It’s getting worse. Carriers are failing, neglecting customers, providing a sub-acceptable service and yet increasing rates daily. At least the air freight sector is not being this abusive.”
One Shanghai forwarder, who said …
The post ‘Abusive’ ocean carriers...
SkyPostal has sounded an alarm for disappointments at Christmas.
The Florida-based parcel delivery network for Latin America warned e-commerce merchants to ship early for the Christmas season to avoid delays.
SkyPostal chief executive and president AJ Hernandez is worried about airfreight capacity bottlenecks.
He expressed concern over the gap between available air cargo capacity and demand; whereas global e-commerce volume is forecast to expand 33% this year over 2019, global air traffic was …
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https://theloadstar.com/ship-early-for-xmas-airfreight-capacity-bottlenecks-push-e-commerce-to-sea/
If you are looking for free, accurate and up-to-the-minute data on transport capacity and rate changes, it’s now possible.
Xeneta and Zencargo have launched a free collaborative dashboard to help companies track trends, as Covid continues to up-end planning.
The supply chain recovery dashboard reveals up-to-date shipping rates, pricing trends, lead times and capacity, for major lanes and modes. Xeneta and Air Nav will provide the data and insights, while Zencargo built …
The post New ‘dashboard’...
https://theloadstar.com/new-dashboard-can-help-shippers-find-transport-capacity-and-rate-changes/
Air freight rates could see further increases as forwarders report an up-to-four-week wait for ocean freight bookings from China to Europe.
While transpacific ocean freight is enjoying more capacity, the westbound trade is expected to get “a lot, lot worse”, which could cause a knock-on effect in air freight as frustrated shippers look to move goods faster.
Air prices have been rising for the past fortnight and there are concerns among shippers …
The post Fears air freight rates may soar even...
https://theloadstar.com/fears-air-freight-rates-may-soar-even-higher-as-tech-launches-loom/
The sea-air business via Dubai and Singapore is back up and running, as air freight rates continue to stabilise.
Aeromar Sea Air, which suspended its business in March when air freight rates skyrocketed in Asia as passenger aircraft stopped flying, said it was re-introducing services.
“We still have some limits on capacity, but there is enough to offer a professional service; so we are back,” said managing director Nick Coverdale.
“Rates are stable, …
The post Sea-air services make a comeback,...
https://theloadstar.com/sea-air-services-make-a-comeback-but-volatility-and-uncertainty-lurk/
Lockdowns in Asia are impeding cargo flows across the region.
According to Rickard Ingvarsson, Asia CEO at Scan Global Logistics (SGL), countries are enforcing stricter measures to contain the spread of coronavirus.
And he told The Loadstar this was “creating, at the same time, confusion over how to interpret the new regulations in terms of logistics”.
This confusion has been particularly severe in India, SGL said, with the authorities scrambling to clarify rules …
The post Coronavirus lockdowns...
https://theloadstar.com/coronavirus-lockdowns-across-asia-breaking-links-in-supply-chains/