Freightos

?? “Integrating the WebCargo by Freightos platform into our TMS helps forwarders to work smarter. With real-time access to dynamic rates and the ability to instantly book air cargo, they can focus on what matters most—getting shipments to customers on time, without the hassle.” Pawan Joshi, EVP, Products and Strategy at e2open

This year’s much-anticipated – and possibly extreme – air cargo peak season rush has still not materialized, while concerns grow over a January ILA strike as renewed negotiations quickly collapsed last week.? Here are the key insights from this week’s Freightos Weekly Update: Operations resumed at locked out Canadian container ports on both coasts last week as the government ordered the ports reopened and the parties to binding arbitration. The union in British Columbia plans to file a challenge to the order. Post-peak season transpacific ocean rates have leveled off at about $5,400/FEU to both coasts – well above the previous lows for the year in April – as shippers may be frontloading ahead of possible tariff increases next year and an ILA strike at East Coast and Gulf ports if they don’t approve a new contract by January 15th. ILA -USMX negotiations restarted last week – for the first time since June – and quickly collapsed as the sides remain far apart on the role automation will play at these ports, adding to concerns over a January strike.? Asia - Europe ocean rates – which had fallen back to April levels –? increased by 30% to start the month on GRIs and have stayed elevated. Some carriers also announced December GRIs to push rates to $6,000/FEU when the early Lunar New Year rush may begin. Middle East - N. America air cargo rates have climbed 22% in the last three weeks to $3.78/kg, a high for the year, possibly on a peak season bump, including some shippers opting for sea-air instead of direct Far East air shipments. ?China - N. America air rates have increased 17% to $7.00/kg – a high for the year – since late October. But many expected prices to spike much higher by now as e-commerce volumes continue to take up capacity. More carriers and forwarders are skeptical this surge will materialize as many shippers adjusted and planned ahead to avoid a chaotic peak season. Transatlantic air rates increased 45% since mid-October to $2.60/kg, their highest level since early 2023, reflecting a reduction in capacity as carriers introduced winter passenger schedules as well as some shift of freighter capacity to ex-Asia routes. You can read this week's full update by following the link in the first comment below.

?? Expectations are high that the incoming Trump administration will significantly increase tariffs. What was the impact of the tariffs enacted in Trump’s first presidency and what can we expect this time around?? In our recent Freightos Freight Market Outlook, we posed these questions to our guest, Jason Miller, professor of Supply Chain Management at Michigan State University who argued that, ultimately, Trump era tariffs did not achieve their goals of reducing reliance on China or on stimulating manufacturing growth domestically and often increased costs for US businesses and consumers while also hurting US exporters including manufacturers. He shared that Trump era tariffs did result in a decrease in Chinese imports. But China’s share of trade in value added – their contribution to goods imported to the US – declined far less as alternative sourcing partners like Vietnam or Mexico significantly increased imports of Chinese components and materials. Miller reported there’s not much evidence that industries protected by tariffs increased hiring as a result. And in cases like washing machines where tariffs did result in US job creation, the increased costs to consumers from tariffs outweighed the economic benefits of the new jobs. Last time, retaliation by China – like tariffs on US exports or shifting purchasing to other countries – hurt US exporters, especially in the agriculture sector. And manufacturers that saw the biggest cost increases from tariffed components also saw a sharper decline in their export growth, contributing to a net decline in manufacturing jobs and negatively affecting some of the largest US manufacturers. And as 25% of the total product supply of goods to the US is imported, Miller estimates that a 10% global tariff next year could roughly increase costs to consumers by 2.5%. ?? Watch the full interview as well as our monthly run through of the latest trends in international ocean and air volumes and freight rates: https://lnkd.in/dx7xdsFK Judah Levine #shippingcosts

?? Freightos Group Visits JCtrans: A Meeting of Logistics Minds! We were thrilled to host Ms. Joyce Tai, Executive Vice President Worldwide Partnership at Freightos Group, to JCtrans! This inspiring visit allowed both teams to connect, share insights, and exchange ideas on the latest trends shaping the world of digital logistics. JCtrans Chairman and CEO Jacy Qiu, along with our leadership team, welcomed the Freightos Group delegation for a lively discussion on the evolving landscape of global logistics. As we look to the future, we look forward to exploring new possibilities with Freightos Group, championing innovation and connectivity in the industry to drive global logistics forward. ??? #JCtrans #FreightosGroup #Logistics #Innovation #GlobalLogistics

Transpacific ocean rates have fallen by more than 30% post-peak season from their highs back in July. But while Asia - Europe container prices fell all the way back to their low for the year by October, transpac rates leveled off and remain $1k - $2k/FEU higher than their 2024 floor reached post-Lunar New Year demand back in April. The reasons? This discrepancy could point to two factors unique to the US right now and causing some American importers to pull forward some freight demand and keep rates elevated:? The first is the good chance that tariffs will increase significantly at some point after Donald Trump takes office in January. The second is the looming January 15th deadline for ILA port workers and the USMX to agree on a new contract or face another strike at East Coast and Gulf of Mexico ports. And the renewed face to face negotiations collapsed almost as soon as they started this week… You can check out more insights from this week's Freightos Weekly Update via the link in the first comment below.

A looming East Coast port strike (again) and anticipation of tariff hikes from the incoming Trump administration may be pushing shippers to frontload for the second time this year. Here are the key insights from this week’s Freightos Weekly Update: The National Retail Federation has increased its projections for US ocean imports in Q4, suggesting that many importers are frontloading shipments ahead of a possible East Coast port strike in January and anticipated tariff increases by the Trump administration next year. This relative volume strength may explain why transpacific ocean rates which had fallen sharply in early October have been about level around the $5,000/FEU mark since then. And with LNY starting at the end of January this year, rates may face some additional pressure starting in late December. In two separate labor disputes in Canada, port operators have locked out union workers in Montreal and the ports of Vancouver and Prince Rupert halting container operations there. Government mediation has so far failed in British Columbia. An extended lockout will lead to a significant backlog at these ports and diversions could cause congestion and delays at alternatives like Seattle-Tacoma. Asia – Europe rates increased by about 20% to $4,500/FEU on early-month GRIs and so far have remained at that level. Maersk reports a demand rebound, together with European port congestion and blanked sailings, is supporting higher rates.? Demand will likely increase further – and earlier than usual due to Red Sea diversions – ahead of Lunar New Year. So far the much anticipated extreme air cargo peak season rate spikes and capacity crunch have yet to materialize. Some forwarders think frontloading to avoid peak season chaos in a market already stretched thin by massive e-commerce volumes may make Q4 much tamer than expected. You can check out the full weekly update via the link in the first comment below.

?? Register for our upcoming November Global Freight Outlook webinar ?? Air cargo’s peak season is getting underway, with rates increasing from an e-commerce-elevated floor. Ocean rates out of Asia have fallen significantly from their peak season highs, but still remain well above normal levels as Red Sea diversions continue to absorb capacity. And with an early Lunar New Year approaching, a renewed ILA strike looming and possible freight ramifications from US election results, the ocean freight market continues to face significant uncertainty.? ? Join us?on Wednesday, November 13th, at 09:00 ET, when Judah Levine, Freightos’ Head of Research, will present the latest trends in the international ocean and air freight markets, and will be joined by Jason Miller, Professor of Supply Chain Management at MSU’s Broad College of Business, to share insights on these trends and projections for the rest of the year and into 2025. The link for registration is in the first comment

Air cargo rates from China to North America wrapped up October at nearly $7.00/kg, climbing above the $5.00–$6.00/kg range we've seen most of the year. Are we seeing the first signs of peak season pressure? Get the full analysis and insights in our latest Digital Air Cargo report, plus updates on eBooking efficiency, new airlines and routes on {{linkedin_mention(urn:li:organization:3486795|WebCargo by Freightos)}} and an interview featuring {{linkedin_mention(urn:li:organization:917617|Boltrics)}} on how TMS API integrations are powering forwarder efficiency. Download for free here: https://lnkd.in/dBdE2B_s #digitalaircargo #aircargo #TMSintegrations #API #forwardering

?? Proud to see Antonia Ambrozy, our very own, featured in The STAT Times’ latest article by Rajarshi Chatterjee, "The Heart of Air Cargo: People Powering a 24/7 Industry." Antonia's insights, alongside those of industry peers, showcase what it really takes to keep the world connected through air cargo. Antonia beautifully captures the human side of logistics, highlighting the dedication, teamwork, and global reach of our teams at Freightos, WebCargo by Freightos, and 7LFreight by WebCargo. In an industry that never sleeps, it’s the people and their passion that turn complex logistics into seamless experiences. From overcoming supply chain challenges to delivering essential goods on time, they make it possible every day. Read the article for an inspiring look into the resilience, innovation, and dedication driving air cargo forward. #supplychain #aircargo

In today’s fast-paced logistics world, having accurate, up-to-date data is critical. For Mark Chadwick and the Global Shippers Association (GSA), Freightos Terminal has become an essential tool. “Freightos Terminal gives us timely, independent information. It helps us present accurate trends to leadership and negotiate better deals with forwarders,” Mark explained. With real-time insights, the Global Shippers Association can respond quickly to market changes, ensuring they secure the best rates and maintain operational efficiency. The credibility of this data has strengthened the Association's positions when negotiating with both members and service providers. Stay tuned for the full video to learn how the Global Shippers Association uses Freightos Terminal to drive smarter decisions! #SmartShipping #FreightData