Air cargo’s anemic peak season nothing to celebrate

Moderate strengthening of demand since August has buoyed the sagging air cargo market, but the seasonal surge in retail shipments for the holidays appears to be a third the normal level and more industry players are resetting expectations for a real recovery until the fall of 2024, or later.

Market intelligence provider Xeneta said airfreight volumes bumped up 2% in October from September and increased 2% year over year (y/y), but the sequential growth was subpar compared with peak seasons the...

https://www.freightwaves.com/news/air-cargos-anemic-peak-season-nothing-to-celebrate

North American peak inventory levels balanced, DHL unit CEO says

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North American manufacturers and retailers hold sufficient in-stock inventory heading into the...

https://www.freightwaves.com/news/north-american-peak-inventory-levels-balanced-dhl-unit-ceo-says

Port of Yantian productivity rapidly improves but export delays persist

Three big container vessels in a row at a port terminal, with cranes overhead.

The logjam of containers and ships at the Port of Yantian in China has noticeably improved in the 13 days since COVID-related safety restrictions were lifted and terminals resumed full-scale operations, but cascading delays could impact the peak holiday shipping season because dockworkers have so much cargo to dig out from, according to the world’s largest shipping line and freight data providers.

Shipping giant A.P. Møller – Maersk said in a customer notice Friday that yard density is down to...

https://www.freightwaves.com/news/port-of-yantian-productivity-rapidly-improves-but-export-delays-persist

2020 holiday shopping season dubbed most environmentally friendly yet

A Prologis and MIT study said that 2020 was the most environmentally friendly holiday season yet.

A stay-at-home economy helped 2020 deliver the “most environmentally friendly holiday season yet,” according to a Prologis and MIT special report released Thursday. 

Based on consumer behaviors, in-person shopping was compared to e-commerce to find differences in environmental impacts. The study said that one full standard delivery van can replace over 100 individual car trips to the store.

During the holiday season each year, companies scramble to keep up with peak demands for shipping and...

https://s29755.pcdn.co/news/2020-holiday-shopping-season-dubbed-most-environmentally-friendly-yet

Delivery nation 2021: Surcharges uber alles

For years, delivery surcharges — the fees that carriers charge on top of their base rates — have nicked and cut parcel shippers’ budgets. But what occurred in the past may be nothing compared to what lies ahead, at least for unprepared shippers.

For the record, UPS Inc. (NYSE:UPS) and FedEx Corp. (NYSE:FDX) have announced 4.9% general rate increases (GRI) on parcels tendered by noncontract customers. But that number means little to the millions of the carriers’ core contract customers. Indeed, a...

https://www.freightwaves.com/news/delivery-nation-2021-surcharges-uber-alles

Spot market carries momentum from Thanksgiving into December

Chart of the Week:  Truckstop.com 7-Day Average Van Rate Per Mile – USA, Van Outbound Tender Reject Index – USA SONAR: TSTOPVRPM.USA, VOTRI.USA

With truckload services going for a premium on the spot market since Labor Day, it has been difficult to discern where and when there has been opportunity to negotiate lower rates. Looking at the chart comparing Truckstop.com’s average van rate for its top 100 lanes and the national Outbound Tender Reject Index for van load requests, there has been a...

https://s29755.pcdn.co/news/spot-market-carries-momentum-from-thanksgiving-into-december

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