Tag: Freightos
Contract Rates Are at Risk As Carriers Struggle To Secure Spot...
Ocean carriers strive to secure a minimum of 50% of their business through annual contracts, typically negotiated at considerably higher rates than the unpredictable...
Shippers Express Frustration As Ocean Freight Indexes Lose Their Shine
Ocean freight rate indexes have multiplied, causing confusion among capacity buyers, making them better suited as procurement guidelines than real-time rate indicators.
Directional Trends
Shippers...
Market Summary Of FBX Index October 2023
In September 2023, the Freightos Baltic Global Index dropped by 23%, reaching $1,177/FEU, as rates slid across major trade routes due to overcapacity, despite...
Freightos Loses $5.9M After Cost-cutting
Freightos loses $5.9M as cost-cutting plan takes effect, highlights a FreightWaves news source.
Online booking portal
Online booking portal stabilizes revenue in Q2 despite soft freight...
Demand Recovery Drives Up Freight Rates
Manufacturing and component indexes saw improvement in July and demand is driving international freight rates higher. For industries seeking signs of recovery, these are...
Stormy Seas Ahead for Cargo Carriers?
After posting another record year of profits, worldwide recessionary and inflationary pressures are now chipping away at ocean carrier fortunes. As far as rates...
Freightos To Go Public in $500m SPAC Merger
Freightos, a digital freight marketplace that instantly connects ocean, air and truck carriers with shippers, was publicly listed on the Nasdaq exchange after combining...
Freightos To Offer ‘Guaranteed Container Capacity’ On Ships
Freightos offers forwarders 'guaranteed capacity on some ex-Asia routes
any carrier or freight forwarder can opt-in, but for now, it’s on limited lanes...
Understanding the Disparity Between the Different Container Indexes
There’s no shortage of indexes telling you how much it costs to ship a container load from A to B. Unfortunately, each one gives...
Here’s Why the Global Shipping Crisis Won’t End Until 2022
A shipping crisis is sparking shortages across industries.
Shipping experts say the crisis will continue through 2022.
A drop in demand will help...