shipping rates

Introducing Veeqo, Amazon’s free shipping software

Veeqo Amazon free shipping software

Another month, another new supply chain service unveiled by Amazon.

Earlier this month it was Amazon Warehousing and Distribution. In August it was same-day retail delivery. In June and July it was drone delivery, and in April it was the game-changing fulfillment service Buy With Prime. But why stop there?

At its annual seller conference on Thursday, Amazon (NASDAQ: AMZN) announced the U.S. launch of Veeqo, a free shipping software for sellers that finds discounted rates with the largest carriers...

https://www.freightwaves.com/news/introducing-veeqo-amazons-free-shipping-software

10 steps to lower shipping rates

white box truck driving on highway

PHILADELPHIA — The growth of e-commerce has led to the growth of something else: charges and fees. FedEx (NYSE: FDX), UPS and the U.S. Postal Service continue to raise their shipping fees, and for some shippers, it has become too much.

Fuel surcharges are an example. According to Josh Taylor, senior director of professional services at Shipware, the fuel surcharge to ship a 10-pound package in 2020 was the equivalent of buying one-quarter gallon of fuel. In 2022, that surcharge is equal to...

https://www.freightwaves.com/news/10-steps-to-lower-shipping-rates

Decline in China/US spot freight rates continues

Transpacific container spot rates between China and the US West Coast and US East Coast have been on a steady decline since peaking in early January, says a report by the digital freight forwarding platform Shifl.

Particularly, West Coast rates dropped by 52% and East Coast rates by 50% in March 2022 compared to January 2022, as inbound volumes continue to fall.

“As we predicted, we have seen a sharp decline in freight rates in the last three months due to a decrease in sales and full inventories...

https://container-news.com/decline-in-china-us-spot-freight-rates-continues/

GSCW chat: Shippers face big risks from trans-Pacific contracts

container shipping

This fireside chat recap is from Day 1 of FreightWaves’ Global Supply Chain Week. Day 1 focuses on maritime.

TOPIC: Changing landscape for annual trans-Pacific contracts

DETAILS: U.S. importers face unprecedented conditions as they negotiate annual trans-Pacific contracts for 2022. What degree of rate hikes should they expect, and how will annual contracts evolve in the long term?

SPEAKERS: Patrik Berglund, co-founder and CEO, Xeneta, and Greg Miller, senior editor, FreightWaves and American...

https://www.freightwaves.com/news/gscw-chat-shippers-face-big-risks-from-trans-pacific-contracts

Who wants to own a trucking company? Retailers are starting to line up

Retailers looking to buy trucking assets

BJ’s Wholesale Clubs. American Eagle Outfitters. Ashley Furniture. They are among a growing trend of retailers buying up transportation and logistics assets.

Over the last four decades, trucking capacity was generally plentiful and retailers were more than happy to outsource it, explained  Gary Petty, president of the National Private Truck Council (NPTC). Freight rates were low and there was no shortage of “bottom-feeder carriers” willing to haul items cheaply. 

“Companies could pick and choose...

https://www.freightwaves.com/news/supply-chain-crisis-drives-more-retailers-to-buy-logistics-and-trucking-firms

Sea-Intelligence sees no correlation between reliability and freight rates

The Danish provider of research & analysis, data and advisory services within the global supply chain industry, Sea-Intelligence has conducted a survey to see whether schedule reliability is related to freight rates.

The company analysed the relationship between those two, aiming to see whether periods with high schedule reliability resulted in higher freight rates.

“Whenever there is talk of schedule reliability, shippers have complained about the general lack of service quality in the industry....

https://container-news.com/sea-intelligence-sees-no-correlation-between-reliability-and-freight-rates/

White Paper: Shipper Rate Report – Q3 2021

The Shipper Rate Report—presented in partnership with U.S. Bank—is a quarterly publication using freight payment data from U.S. Bank in conjunction with FreightWaves SONAR data sets to create the most in-depth rate and demand outlook for shippers. The insights within this paper are curated by the market experts at FreightWaves and backed by the proprietary data and analytics housed in FreightWaves’ SONAR platform.

Featured insights for Q3 2021 include:

  • Overview of capacity and load volumes for...

https://www.freightwaves.com/news/white-paper-shipper-rate-report-q3-2021

How the Little Red Wagon was nearly derailed by … shipping labels?

Sales of the Little Red Wagon were on fire in 2020.

Radio Flyer, the iconic 104-year-old maker of the red wagon as well as with tricycles, ride-ons, bikes, inflatables and more, saw demand for its products increase significantly during the pandemic, driven in no small part by the demands of online commerce. While the Chicago-based company maintains a warehouse near its headquarters to fulfill direct-to-consumer orders, retailers were demanding more.

“In recent years, we were asked by our retail...

https://www.freightwaves.com/news/how-the-little-red-wagon-was-nearly-derailed-by-shipping-labels

Shipping Container Crisis Ignites Global Trade Disruptions

Disruption to supply chains triggered by the impacts of Covid-19 has ignited a worldwide shipping crisis, with prices of shipments skyrocketing due to a shortage of containers. Often headlined as the perfect storm, a combination of pressures has escalated shipping costs to more than four times the normal rate, threatening the stability of businesses that depend on these trade transport lines, reports Forbes.

A Wave Of Pressures

According to the Financial Times, the price of a 40-foot container...

https://mfame.guru/shipping-container-crisis-ignites-global-trade-disruptions/

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