As August 1st approaches, it’s clear that this year’s peak season never truly arrived. Despite ocean carriers’ attempts to raise freight rates through a General Rate Increase (GRI), market conditions simply wouldn’t cooperate. Soft demand, shifting tariff timelines, and volatile policy swings under the so-called “TACO” strategy have upended traditional shipping cycles. Rates for August are now falling, not rising, and with booking volumes down … Read More
Imminent Gulf Coast Ports Strike Set to Begin in October
As the possibility of a strike at the US East and Gulf Coast ports looms, the global logistics and shipping industry is bracing for significant disruptions. Set to commence on October 1, this strike could create a ripple effect across international supply chains, affecting everything from freight costs to delivery timelines. The upcoming strike stems from a deep-rooted conflict between the International Longshoremen’s Association (ILA) … Read More
Freight Flux: Adapting to Price Drops and Uncertainties
As we move through the latter half of 2024, the global freight market shows signs of significant shifts. For businesses relying on international shipping, staying informed on these changes is crucial for effective supply chain management. Here’s a closer look at the latest developments and their potential impact. Current Market Trends: Freight Rates Decline The freight market remains in a clear downward trend. Notably, major … Read More
Historic $27 Million Grant Boosts California Ports’ Data Systems
The California Governor’s Office of Business and Economic Development (GO-Biz) has awarded an unprecedented $27 million to enhance data system development and interoperability across California’s five major containerized ports. This groundbreaking state-level funding aims to improve data functionality within the statewide port network, marking a significant milestone in the nation’s logistics infrastructure. Strengthening California’s Role in Global Trade California’s ports, including Los Angeles, Long Beach, … Read More
June 1st GRI: Secure Your Space Now
As June approaches, the logistics industry is bracing for another General Rate Increase (GRI) set to take effect on June 1st. In addition to this upcoming rate hike, the current landscape is characterized by equipment shortages, blank sailings, and potential rail strikes in Canada, all of which have made space availability, rather than rates, the primary concern for shippers. Equipment Shortage: The ongoing global shortage … Read More
Air Cargo Surges with Red Sea Boom
In the realm of global logistics, recent shifts are reshaping the air cargo landscape, driven by a confluence of factors including disruptions in Red Sea shipping routes and the booming e-commerce sector in China. This transformative scenario is powering a resurgence in air cargo demand and skyrocketing rates, setting the stage for a promising peak season while raising concerns among logistics providers striving to secure … Read More
Freight Forwarding in Israel
In the intricate web of international commerce, freight forwarding serves as the vital link connecting businesses to global markets. Nowhere is this role more pronounced than in Israel, a nation whose geographic location and vibrant economy make it a key player in the world of trade and logistics. Strategic Location, Global Reach Situated at the crossroads of Europe, Asia, and Africa, Israel serves as a … Read More
May 2024: Navigating International Trade Challenges
May 2024 is shaping up to be a pivotal month for businesses engaged in international trade, particularly those with operations linked to Asia. The convergence of the General Rate Increase (GRI) and the recent Labour Day holidays in China presents a unique set of challenges for the global logistics sector. This period could impact everything from shipment schedules to freight costs, making advanced preparation crucial … Read More
Major Carriers Announce Significant General Rate Increase for February
Commencing February 1st, 2024, the shipping industry is poised for a notable shift as major carriers announce a General Rate Increase (GRI) on ocean freight, with Transpacific FEU cost set to rise well above the five-thousand-dollar mark. This development holds implications for global supply chains, businesses, and consumers, emphasizing the interconnectedness of the world’s economies. Understanding GRI in Ocean Freight A General Rate Increase (GRI) … Read More
How to Be Prepared for Chinese Golden Week
As the Chinese Golden Week in February approaches, businesses and supply chain managers around the world brace for the impact of this significant holiday period. With factories closing and the pace of business slowing down in one of the world’s largest manufacturing hubs, preparing effectively is crucial to mitigate disruptions and capitalize on opportunities. Here’s how companies, guided by the expertise of Global Logistical Connections … Read More