Freightos

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

🎤 Zvi Schreiber, Founder and CEO of Freightos (NASDAQ: CRGO), along with Ran Shalev, our CFO, will present and host one-on-one meetings with investors at the Sidoti November Virtual Investor Conference, taking place on November 13-14, 2024. Click here for more information: https://lnkd.in/d9CndeHn

The Red Sea Crisis: 🔟 Months Later... The disruptions in the Red Sea have been reshaping global trade fundamentals. Our latest analysis breaks down: * 30-50% longer transit times affecting Asia-Europe routes * War risk premiums surging from 0.07% to up to 2% * Why the Cape of Good Hope remains the only viable alternative * Impact on global core goods inflation (+0.7% projected for H2 2024) * Real strategies businesses are using to adapt For those managing international shipments: while alternative routes like Saudi-Turkey trucking or Arctic passages have been discussed, our research shows why these aren't realistic replacements for Suez capacity. Get the full picture and actionable insights in our comprehensive analysis. Link is in the first comment.

Trump’s victory in the US presidential election yesterday may start impacting the ocean freight market even before his January inauguration. Here are the key insights from this week’s Freightos Weekly Update: The announcement of new tariffs in 2018 caused an increase in ocean volumes and rates to double ahead of their 2019 roll out. The expectation of even sharper tariff increases after Trump takes office could push some importers to already start frontloading now. Transpacific ocean rates of about $5,200/FEU are well below peak season highs, but are still thousands above normal due to the continued Red Sea crisis, and possibly also to some frontloading ahead of another ILA strike possible in January. Port workers in Prince Rupert and Vancouver have been locked out since the start of the week in response to their strike announcement.  Several vessels are currently stuck, with others scheduled to arrive soon. Meanwhile, a union strike in Montreal is impacting 40% of the port’s capacity as this ongoing dispute escalates. Asia -Europe ocean rates increased last week on start of month GRIs as carriers seek a price rebound especially as annual contract season gets underway on this lane. Carriers will be hoping continued congestion in Hamburg, delays in East Asia from a recent typhoon, and an increase in blanked sailings may support this rate hike even as demand eases. An early Lunar New Year and longer lead times due to Red Sea diversions could also work in carriers’ favor. China - N. America air cargo rates of $7.00/kg for the last couple weeks – the high for last year – suggests that air peak season is upon us for this lane. B2C e-commerce imports – a big driver of air volumes and rates this year – face a new challenge as the European Commission investigates Temu for the sale of illegal goods.  In the US, increases in warehouse leasing by Chinese logistics companies may signal some platforms are preparing for a shift away from de minimis and air cargo. You can check out the full weekly update via the link in the first comment below.

Wondering how Trump’s election win might shake things up for ocean freight? Here’s what Judah Levine, Freightos Head of Research, is seeing… Trump’s campaign message included promises of new tariffs — 10% to 20% on most of the $3 trillion in annual U.S. imports and at least 60% on all imports from China — if he won. These promises could have ripple effects for supply chains even before the January inauguration. Back in 2018, new tariff announcements led to a major pull-forward in ocean imports as shippers raced to beat the increases. Freightos Baltic Index data showed that transpacific container rates doubled from July to November 2018 as ocean volumes surged ahead of the tariff roll out in early 2019, with rates and volumes in 2019 leveling off in comparison. If shippers expect Trump to follow through on promises for new tariffs, we might see demand and rates in ocean freight start rising soon, with even more impact possible once any new tariffs are officially announced. Check out our full analysis on tariff impacts on ocean freight markets: https://lnkd.in/gJ5FBN97

“Partnering with Freightos is great for our customers, streamlining the booking process on key trans-Pacific routes and modernizing the way forwarders access Qantas and Jetstar capacity. With more dedicated freighter and passenger services than any other cargo operator across the Pacific, forwarders can now benefit from the addition of Qantas Freight onto WebCargo’s online booking platform.” Igor Kwiatkowski, Executive Manager at Qantas Freight

In Barcelona later this month? Don’t miss Ian A. Arroyo at this Armstrong & Associates, Inc. event!

What Powers Freightos? ✈️ Air Cargo Week's Anastasiya S. sits down with Freightos CEO & founder Zvi Schreiber to talk #freight, superpowers, and staying up late. Here's a taste: IF THERE WAS A MOVIE MADE ABOUT YOUR LIFE, WHO WOULD YOU LIKE TO SEE PLAY THE LEAD ROLE? "I’d like to say Matt Damon, but they’d probably cast someone nerdier!" LOOKING BACK, WHAT WOULD YOUR MESSAGE BE TO SOMEONE CONSIDERING A CAREER IN LOGISTICS? "Patience is key. You need a lot of it in this field." Full interview here https://lnkd.in/eZNU4bmN

Digital might just be 1s and 0s (well, unless you’re into quantum 🤓), but digitizing whole industries is far less binary. Air cargo, for instance, doesn’t go digital overnight. It’s a day-to-day push by forwarders and airlines bringing new carriers, lanes, and services online—all the time. And then, one day, you look back in the rearview mirror and see over a million bookings done a year. So let's shout out to the carriers and forwarders leading the charge with a peak into  the airlines expanding their digital pricing and booking on WebCargo by Freightos this month… with a little 🎃 spirit thrown in! A huge shoutout to the WebCargo airline team for what they do, every single day! #aircargo #supplychain #transformation  

The ocean market is entering its post peak season lull just as air cargo is heating up, but a looming strike deadline and the possibility of new tariffs if Trump wins next week could put renewed pressure on transpacific operations and rates.  Here are the key insights from this week’s Freightos Weekly Update: 🌊 Asia – Europe ocean rates have fallen back to their Red Sea crisis era lows – though still double normal levels –- as the market enters an early post peak season/pre-Lunar New Year lull. But the usual LNY rebound may start early as the holiday begins in late January this year, and as shippers may start early to accommodate longer sailing times. An early end to peak season on the transpacific saw container rates fall sharply in October. But the added urgency for East Coast shippers to beat the October 1st strike deadline may explain the sharper October drop for East Coast prices and their extremely unusual slide below West Coast levels. Transpacific rates are still $1,000/FEU or more above their April lows though, possibly reflecting some volume strength out of concern for a January 15th port strike if ILA-USMX negotiations fail, and/or the possibility of a Trump victory and tariff increases next year. Port workers in Montreal staged a one-day strike on Sunday and have announced another – alongside the ongoing overtime strike – for Thursday, though so far these actions have not caused significant disruptions. ✈️ Reports of recent increases of air cargo volumes out of Asia suggest that air’s peak season is starting.  China - N. America rates neared $7.00/kg last week, well above the $5 - $6.00/kg level held for most of the year. Prices to Europe of $3.86/kg are 12% higher than in September. You can check out the full weekly update via the link in the first comment below.