For the very first time this year, global average container prices have soared. At an average of 5.4% for the 20-foot DC and by 15% for the 40-foot HC, this is quite a jump. However, in China, the average container prices as well as the leasing rates continue to decline – even after the country
When a bottleneck at sea occurs in global supply chains, it delays a whole range of goods, from food and beverages to consumer electronics. These supply chain disruptions are frustrating for consumers waiting on goods and the logistics companies in charge of shipping the goods. Bottlenecks at sea even contribute to higher inflation. But even
Because of rising costs, there has been a surge in shipping container scams. Not only are they happening more frequently, but each scam is more complex and sophisticated than in recent years. The most popular container scam is to offer high-end containers at a reduced price. Once ordered, the promised shipping containers never come. Read
Most freight forwarders, traders, and shippers expect more challenges in the peak season compared to 2021. A recent survey released by Container xChange showed the impending situation everyone is preparing for. How much of a challenge can we expect? Amanda Mallia, Head of Sales and Purchasing for a major container company, responded to the
The delivery specialist ParcelHero says freight transportation to Ukraine is at a virtual standstill. On top of that, many services to Russia have also stalled. Read on to learn what the war means for logistics business in Eastern Europe. The Cost of War The Head of Consumer Research at ParcelHero, David Jinks, believes that
Shopping online is just as common as going out to the grocery store. Although the pandemic sped up this trend, online shopping was already becoming as American as apple pie. E-commerce, buying and selling goods online, is rarely about purchasing one product. In fact, most online shoppers order several items at once. Furthermore, many businesses
We’re happy to report that container spot rates between Chinese base ports and the US are steadily declining. “As we previously predicted, spot rates have stabilized after an uptick before CNY (Chinese New Year). We hope they will remain stable and continue downwards as we move into the year, although they would still be notably
A shortage of HGV drivers has been an issue for several years now. However, the shortage reached a critical point in the summer of 2021. Drivers and subcontractors are in higher demand than ever. Several different factors led to the current HGV driver shortage. An aging workforce, the recent COVID pandemic, and Brexit all impacted
It’s the return of the commercial cargo trains! A multi-million-dollar expansion program and increased imports and exports have brought a bright future to the Port of Sunderland. Read on to learn more. The Return of the Cargo Trains There’s been an absence of cargo trains at Port Sunderland for nearly two decades. That all
There’s no question about it– autonomous trucks are coming. There has been incredible progress as these incredible vehicles are developed further. And funding has been made available to pave the way for this new future of transport. But will roadways be ready? What needs to be done to improve the existing infrastructure? How do we