What’s New in Freight Forwarding — August 2024 Newsletter

Are rising freight costs always a bad thing? Not necessarily. Freight forwarders are noticing a rise in global shipping costs: so, what does this mean for your bottom line? Despite increasing prices, studies and experts do not see demand slowing anytime soon. BNN Bloomberg writes that the end of the trucking recession is finally in sight as freight rates rise.?

Keep reading to find out what the current landscape is and what that means for your company, so you can prepare and gain a competitive edge for the rest of 2024.

It’s never too late to boost your knowledge in freight forwarding with courses on International Transportation, Essentials of Freight Forwarding, and Advanced Freight Services. We have partnered with @TraversEd to offer RW members an exclusive 10% discount. Explore your options now.

Are You a Member of RW Solutions Yet?

Our mission at RW is to connect with freight forwarding professionals like you from around the globe, with the right network to help recession-proof your business growth. See how you can become a member at RWSolutions today .

NEW RW Blog- Connect with Global Freight Forwarders in Latin America

Joining a professional business membership has rewarding benefits for your business, especially in a booming market like Latin America. The connections you make through these networks are often long-lasting and lucrative. If you are a freight forwarding company with business interests in Latin America, read our latest blog to discover all the perks. Read More.

Rising shipping costs hit global trade hard

During times of uncertainty and political unrest, shipping in various countries is being restricted. These shipping restrictions affect the rest of the world, and global trade is feeling the pressure amid rising freight costs. If you’ve been finding shipping costs increasing at a rapid rate, check out this article to learn more about the reason behind it.

No, Carbon Pricing Maritime Shipping Won’t Push Freight to Airplanes

Shipping costs are undoubtedly rising, but some believe that aviation will resist carbon pricing increases, and there will be a cost advantage for shipping by plane. In this article, read about Micael Barnard’s thoughts on the future of freight shipping - will the future echo the title of his article, or do you see a shift in the method of transportation? Let us know your thoughts in the comments.

Updates in North America

• Volumes and Freight Costs surge as Retailers Accelerate U.S. Imports Read more
• No sign of U.S. recession in freight demand, CEO of shipping giant Maersk says Read more
• End of Trucking Recession Finally in Sight as Freight Rates Rise Read more
• Amtrack on-time performance woes mirror host railroad freight service, shippers say Read more
• DP World Chooses Pledge to Track Carbon-Cutting Read more
• Preparing for what comes next in the freight transportation marketing Read more

Updates in Asia

• China-Europe Railway Express freight volume up 11% in Jan.-July period Read more
• China’s Latest Civilian Cargo Drone Takes to the Skies Read more

Updates in the Middle East

• Qatar Airways Cargo, Martinair drop select LatAm routes Read more
• Magma Aviation establishes Middle East freighter base, names CEO Read more
• MSC Announces Clanga Service Connecting Singapore, China to Middle East Read more

Updates in Africa

• South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan Read more
• Red Sea attacks still taking toll on global chemical shipping industry Read more

Updates in Latin America

• Latam adds another 767 freighter to its fleet Read more
• LATAM Cargo expands capacity and solidifies lead as top Europ-South America air freight operator Read more

Updates in Europe and the UK

• Increase in Freight Flow Through Ukrainian-Polish Border Crossings by 32%: New Records and Changes in Railway Transportation Structure Read more
• Hungarian Railways confirms when key Budapest rail fright crossing will be closed Read more
• American Airlines Cargo Expands Strategic Partnership with CargoAI to Enhance Airfreight Booking Across Europe Read more

RWSolutions Events

Attending a networking event can open new doors to new opportunities and connections. It's the perfect chance to meet freight forwarders from across the globe! As a member, you'll enjoy exclusive early access to conferences, events, and networking opportunities, helping you expand your business. Learn how you can join our freight alliance today.

Upcoming Events

• August 15, 2024 — Free MAGENTA New Members Introduction (Virtual Event via Zoom) Learn more
• September 10, 2024 — Free GAA Orientation Meeting (Virtual Event via Zoom) Learn more
• September 12, 2024 — Free CLN New Member Introduction (Virtual Event via Zoom) Learn more
• September 17, 2024 — Free Northstar New Members Introduction (Virtual Event via Zoom) Learn more
• September 19, 2024 — Free Neptune New Member Introduction (Virtual Event via Zoom) Learn more
• September 23 - 26, 2024 — The Freight Summit (Dubai) Learn more

Other Freight Networking Events

• September 9 - 11, 2024 — ASCM Connect North America (Austin, USA) Learn more
• September 29 - October 2, 2024 — CSCMP EDGE (Nashville, USA) Learn more
• November 5 - 8, 2024 — CeMAT Asia (Shanghai, China) Learn more

A Warm Welcome to Our New Members

Over the past season, we’ve been delighted to welcome new members from all over the world to our freight forwarding alliances: CLN, Neptune Cargo Network and LATAM. Let’s extend a warm welcome to:

Grand Ocean Logistics

Kagayaku Logistics

Envio Global Logistics (PVT) LTD

WorldTransport Overseas China

GBO Logistics

Shenzehn Britghtway International Logistics Co Ltd

Velocity Global Logistics Spain

Velocity Global Logistics China

CYG FREIGHT FORWARDER

Ready to be a part of an abundant, supportive and resourceful network? ?Learn more about how you can join today !

Our August Spotlight: Korman Shipping Co., Ltd.

RW Solutions proudly highlights our member and happy hour sponsor, KORMAN GROUP: Korman Shipping Co., Ltd / Korman International (China) Ltd

Korman Group is a freight forwarding company that provides services in international sea freight, airfreight and railway transport as well as customs brokerage worldwide. They have over 30 years of experience, with offices all across Asia.?

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3. Visit our website and become a member at rwsolutions.com

Anything missing? Feel free to let us know. Otherwise, see you next month!