Economy

Current market a hindrance for carriers and brokers alike

To say the least, the last few years for the transportation industry have been turbulent.

Motor carriers enjoyed elevated demand from mid-2020 through spring ’22, an environment that provided plenty of freight for them to move and stronger rates as consumers spent their stimulus dollars.

But a drop-off in demand came on quite suddenly during the second half of last year. As a result, rates dropped and tender volume rejections sank to near 2019 “bloodbath” lows, where they continue to hover, as...

https://www.freightwaves.com/news/current-market-a-hindrance-for-carriers-and-brokers-alike

Air cargo market may not improve even if economy does

The only way to characterize the air cargo market in March is it’s a little less worse than the past few months.

Slight recovery of factory output in China after the Lunar New Year holiday, a rise in manufacturing exports elsewhere and incremental improvement in inflation are helping global demand and rates achieve some sense of seasonal stability after a yearlong slump.

But the outlook remains murky, with green shoots pointing to a second-half recovery against a backdrop of difficult economic...

https://www.freightwaves.com/news/air-cargo-market-may-not-improve-even-if-economy-does

‘Asian Demand’ Holds The Key To Global Economic Growth

Credits: Kyle Glenn/ Unsplash
  • The number of consumers in Asia will grow from 560 million in 2000 to some 3 billion, or 70% of the region’s population, by 2030.
  • Instead of putting money into manufacturing in Asia for export, international investment is increasingly flowing toward made in Asia for Asia.
  • The rise of the Asian consumer is inexorably tipping the balance of economic influence eastward. 

Surendra Rosha is co-chief executive of HSBC Asia-Pacific. As the global economy flirts with...

https://mfame.guru/asian-demand-holds-the-key-to-global-economic-growth/

Shipping’s Saving Grace For Reducing Emissions

Credits:michal-pech/Unsplash
  • The ongoing climate emergency makes the need to reduce emissions from shipping more urgent than ever.
  • While there is no single fuel that can replace HFO, there is a solution available in the very short term which will lower fuel costs and emissions.
  • Wind is, without a doubt, the fastest, cheapest way that shipping can reduce emissions in line with climate science.

Shipping’s singular focus on alternative fuels to lower costs and GHG emissions ignores the most...

https://mfame.guru/shippings-saving-grace-for-reducing-emissions/

Daily Infographic: Report: Rail supply industry contributed $75B to US economy in 2020

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https://www.freightwaves.com/news/daily-infographic-report-rail-supply-industry-contributed-75b-to-us-economy-in-2020

Airfreight industry watches for signs of midyear recovery

Air cargo ended 2022 on a weak streak that is expected to continue well into the first half of the year, with logistics companies hanging hopes for better demand on retail inventory clearance bottoming out by summer. 

Uncertainty is the watchword for 2023. Any progress in freight transport could be undone by a recession predicted by most economists or more unexpected geopolitical events.

Overall shipment volumes were down 8% in December versus the same period the prior year. More importantly,...

https://www.freightwaves.com/news/airfreight-industry-watches-for-signs-of-midyear-recovery

Thriving in the midst of uncertainty

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Container And Tanker Outlooks Could Suffer From Uncertainty—Poulsson

Esben Poulsson, a former chairman of the International Chamber of Shipping (ICS), warns that looming economic instability and the effects of the war in Ukraine could disrupt the rosy conditions in the container and tanker trades.

Market conditions 

In the fifth in a series of interviews ahead of the Saudi Maritime Congress Poulsson talks to Seatrade Maritime News about how he sees the market outlook and the vital role Saudi Arabia has to play in the maritime industries.

“Current market conditions...

https://mfame.guru/container-and-tanker-outlooks-could-suffer-from-uncertainty-poulsson/

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