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Halcyon days of ever-increasing rates for carriers may be drawing to a close: Xeneta

Carriers have upped the number of blanked sailings in response to the collapsing spot rate

Investment to fund expansion of Xeneta’s container shipping & air cargo market analytics platform

After -8% and -9% year-on-year falls in demand in June and July 2022, August volumes were a more modest -5% adrift of the August 2021 level, and -4%...

Carriers remain on course for another bumper year of profits despite uneven demand and supply chain issues.

Avg spot rate for Xeneta’s top 13 trades was $450/FEU lower than avg spot rate last year as of August 30, 2022.

Year-on-year, the benchmark has appreciated 170 percent and is up 71 percent since the end of 2021.

Global spending on shipping will be record high this year; congestion & delays continue to plague shippers

Narrowing gap illustrates how U.S. West Coast shippers have managed the global supply chain risks.

OSRA 2022 establishes additional requirements and prohibited conduct for ocean carriers.

Rates are now up 150% year-on-year. Costs have increased 55% in 2022.

Scott Irvine has worked in logistics for over two decades, holding senior leadership roles across shippers, forwarders.