Market News

Global air freight rates are soaring, with a surprise surge of over 2% witnessed in the first week of April. This follows a year-on-year increase of 41% compared to pre-pandemic levels in April 2019. The trend is being driven by a confluence of factors, according to industry experts. Key Drivers of Air Freight Rate Increase: [...]

Dachser ramps up its air and sea freight offerings with the launch of fixed Less-than-Container-Load (LCL) services between Rotterdam and key Asian destinations. This expansion provides businesses with a more predictable and efficient way to move their cargo. Enhanced Connectivity and Faster Transit Times: Reliable LCL routes: Effortlessly connect your shipments from Rotterdam to major Asian [...]

Dachser ramps up its air and sea freight offerings with the launch of fixed Less-than-Container-Load (LCL) services between Rotterdam and key Asian destinations. This expansion provides businesses with a more predictable and efficient way to move their cargo. Enhanced Connectivity and Faster Transit Times: Reliable LCL routes: Effortlessly connect your shipments from Rotterdam to major Asian [...]

The recent collapse of the Francis Scott Key Bridge in Baltimore has caused headaches for shippers, but surprisingly, ocean freight container shipping rates haven’t budged. Data from Xeneta, a leading ocean freight intelligence platform, reveals that average spot rates from the Far East to the US East Coast (including Baltimore) have actually dipped slightly (-1%) [...]

The recent collapse of the Francis Scott Key Bridge in Baltimore has caused headaches for shippers, but surprisingly, ocean freight container shipping rates haven’t budged. Data from Xeneta, a leading ocean freight intelligence platform, reveals that average spot rates from the Far East to the US East Coast (including Baltimore) have actually dipped slightly (-1%) [...]

Global shipping giant Mediterranean Shipping Company (MSC) is facing a hefty fine of at least $63 million after the US Federal Maritime Commission (FMC) accused them of violating the Shipping Act. The FMC launched its investigation in August 2023 following complaints from several MSC customers who disputed substantial charges, including detention and demurrage fees, dating [...]