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Freightos introduces index linking for freight contracts
25 Feb 2025 12:30 PM ISTIndex linking based on Freightos’s indices, the Freightos Baltic Index (FBX) and the Freightos Air Index (FAX).
Port of Los Angeles set to cross 10 million TEUs in 2024
18 Dec 2024 2:55 PM ISTRecord year of 9.6 million containers within reach for 2024 at Port of Long Beach.
Trump win & supply chain "pull forward"
6 Nov 2024 5:15 PM ISTAnticipation of higher tariffs may lead importers to pull forward shipments, creating a preemptive freight frenzy.
Biden asks ocean carriers to present "fair offer," backs port workers
2 Oct 2024 1:06 PM IST"Now is not the time for carriers to refuse to negotiate a fair wage for workers while raking in record profits."
Freightos acquires freight tender procurement platform Shipsta
19 Aug 2024 6:39 PM ISTAcquisition pairs Freightos’s spot offering with Shipsta’s best-of-breed tender management platform.
Ocean spot rates spike on Red Sea diversions, increasing demand
5 Jun 2024 3:38 PM ISTDemand for ocean freight out of Asia picked up early in May, reflecting possible start of restocking in Europe
2023 schedule reliability up 19.5ppts; Drewry WCI down 4%
4 Feb 2024 11:00 AM ISTDrewry World Container Index (WCI) declined four percent to $3,824 per 40ft container to the week of February 1, 2024
Red Sea diversions worry 60% SMB importers: Freightos
23 Jan 2024 8:00 PM ISTAbout 48% expect to increase shipments in weeks ahead of Lunar New Year, suggesting re-stocking has already begun
U.S., allies warn Houthis, call for immediate end to Red Sea attacks
4 Jan 2024 5:02 PM ISTFreight rates nearly double but carriers have capacity to address diversions & longer voyages compared to pandemic yrs
#RedSeaConflict: Drone attacks continue, no ships hit
29 Dec 2023 12:35 PM ISTU.S. Navy shot down one drone, one anti-ship missile on Dec 28; MSC, Hapag continue to divert ships
#RedSeaImpact: Spot rates zoom, longer lead times ahead
22 Dec 2023 3:15 PM ISTMSC introduces a new acronym - contingency adjustment charge (CAC), Maersk, CMA CGM announce diversions
U.S. Navy to "secure" Red Sea passage, uncertainty increases
19 Dec 2023 12:23 PM IST~920,000 TEUs have diverted south of Africa & another ~1,002,000 are delayed in Suez area: Anders Schulze, Flexport