Average Container Prices and Leasing Rates Decline in China Amidst Peak Season Shipping
Average container prices have dropped more than half from last year’s prices. China has accumulated containerized trade volumes recently, according to a new analysis. The analysis is done by Container xChange and is part of a monthly container logistics report called “Where Are All the Containers?”. Changes in Container Prices The average container price
Logistics UK Calls for Government to Review the Mode Shift Revenue Support Scheme
The logistics community is calling on the government to review its Mode Shift Revenue Support (MSRS) plan. The goal of MSRS is to remove short-term financial barriers preventing companies from utilizing inland waterways or rail lines. Hopefully, it can be adapted to accommodate water and rail operators. Who is Logistics UK? As one of
Why The Oversupply of Containers is Affecting Market Prices
According to Container xChange, there is an oversupply of containers due to a series of market disruptions. When the pandemic began in early 2020, there was a swift rise in demand for shipping containers. This quickly caused congestion at ports, which held up the container capacity. Directly after, the panic ordering began. Shipping containers were
Fuel Tax Cut Vital to Remove Inflationary Pressures on Delivery Costs
Inflation has put quite a bit of pressure on business costs, and it continues to do so. Because of this, Logistics UK has asked Chancellor Nadhim Zahwai MP to take action to protect the nation’s supply chain. Ideally, swift action would prevent price hikes in goods by introducing a reduction in fuel prices. Fuel is
Logistics Plays Vital Role in Leveling Up Agenda
Recently, a report investigating The Impact of Logistics Sites in the UK was released. This report was commissioned by Amazon and produced by Frontier Economics. Part of a Logistics of Leveling Up round-table held at the House of Commons, the meeting featured many distinguished guests. Discussions About Roles Most of the discussions at the
Container Prices Increase for the First Time This Year
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
The Negative Impacts of Bottlenecks at Sea
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
How to Avoid Container Scams
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
Partner With a Logistics Company to Navigate Impending Shipping Challenges
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
How The War Impacts Costs, Supply Chains, and International Trade
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