As the fluctuations from the pandemic and current global events subside, signs indicate that freight market conditions are finally returning to normal. Disruptions to global supply chains were massive, and lockdowns led to shipping backlogs at ports. However, aftershocks from those events seem to be subsiding. Seabound shipping is beginning to return to its job
After dealing with unprecedented challenges, ocean freight vessel schedule reliability is continuing to improve. The trend appears to be moving in the right direction and the industry is more prepared than ever to deal with unexpected changes! A Promising Trend Thankfully, global container shipping schedule reliability continues to rise. It has increased month over
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
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
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
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
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
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