shipping rates

What Led To The Recent Spike In Shipping Rates?

In the second half of 2020 global economic activity and trade staged a sharp rebound driven mainly by the manufacturing sector, while services sector activity was and has remained subdued, reports European Central Bank.

Economic recovery

In the third quarter of 2020 global economic activity recovered swiftly as a result of the easing of the pandemic and associated containment measures as well as the significant policy support deployed at the peak of the crisis. Despite a slowdown in the last...

https://mfame.guru/what-led-to-the-recent-spike-in-shipping-rates/

[Infographic]Old Vs New Era of Shipping

The once-stagnant logistics industry has undergone rapid change in recent years. The 2017 electronic logging device mandate sparked something of a technological revolution within the industry.

This focus on tech — coupled with outside forces ranging from consumer demand to climate change — has fostered an environment of innovation. Companies that are slow to adapt to new expectations are likely to be left behind. Shippers are no exception.

For more information on Sifted and the New Era of...

https://mfame.guru/infographicold-vs-new-era-of-shipping/

Shipping Rates Add Pressure To Global Inflation, Says Flitch

According to an article published in Daily Times, Supply-chain bottlenecks in global shipping and semiconductor markets are adding to near-term pressures on inflation, amplifying the impact of higher commodity prices and base effects from price falls in spring last year, said Fitch Ratings in its latest Economics Dashboard.

World Trade’s Market

Global manufacturing demand is recovering strongly, reflecting buoyant demand for electronics and other durable goods from homebound consumers,...

https://mfame.guru/shipping-rates-add-pressure-to-global-inflation-says-flitch/

2021 Starts Off Well For Shipping Companies With High Shipping Rates

Shipping companies have steamed out of 2020 in ship shape as freight rates hit highs. The rollout of vaccines around the world will eventually tame high shipping costs, but even then the industry may fare better than in previous down cycles, reports The Wall Street Journal.

Surge in shipping rates

Shipping rates have skyrocketed since the middle of last year on strong demand from the developed world for personal protective equipment and stay-at-home goods, after the initial shock from Covid-19....

https://mfame.guru/2021-starts-off-well-for-shipping-companies-with-high-shipping-rates/

Fitch’s Increased Container Shipping Rates With Unsustainability

Global container shipping companies’ performance will be strong in 2021 after a profitable 2020, according to Fitch Ratings, says an article published in Economic Times.

Freight rates

Spot freight rates will remain high in the short term which will flow through to contracted rates for 2021. However, Fitch said the current rates are unsustainable in the medium term as the sector is susceptible to rate volatility and risks of weak economic recovery and trade protectionism, requiring constant...

https://mfame.guru/fitchs-increased-container-shipping-rates-with-unsustainability/

Fed Economists See Freight Rates Surging Lifts Inflation

Some consumers of ocean freight services are chartering their own vessels to try to keep costs down, says an article published in Bloomberg.

Raising questions to Federal Reserve

Federal Reserve Chair Jerome Powell is going to face some big questions from Congress about the outlook for inflation, like: Will unprecedented stimulus eventually come back to haunt the U.S. economy in the form of higher costs for American consumers?

Shipping Costs

For anyone involved in global trade, surging prices...

https://mfame.guru/fed-economists-see-freight-rates-surging-lifts-inflation/

White Paper: 2021 Q1 Shipper Rate Report

The Shipper Rate Report—presented in partnership with U.S. Bank and Loadsmith—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 Q1 2021 include:

  • 2021 outlook and implications...

https://www.freightwaves.com/news/white-paper-2021-q1-shipper-rate-report

White Paper: 2020 Q4 Shipper Rate Report

This Shipper Rate Report—presented in partnership with U.S. Bank, Blume Global, Transflo and Ryder—is the fourth installment of 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...

https://www.freightwaves.com/news/white-paper-2020-q4-shipper-rate-report

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