ICS2, the EU’s advanced cargo information system, requires detailed data for all goods entering, moving through or leaving the EU before they arrive and compliance is crucial to avoid delays, scrutiny, and penalties.
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The air cargo market from China is expected to remain strong in the second half of 2024, and eCommerce demand will continue to play a key role, both in established and emerging markets.
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On July 19th, 2024, a software bug caused 8.5 million Windows-based computers to crash, disrupting airports, ports, and railways worldwide, with cargo stranded at major hubs and delays that could impact logistics for weeks.
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It's encouraging to see ocean carriers limiting blank sailings this peak season. By maintaining a reasonable level of capacity, they are ensuring more stable shipping operations despite geopolitical uncertainties.
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If you have urgent or high-priority orders coming up, we recommend contacting us as soon as possible. By sharing your shipping requirements early, we can secure space on services that meet your deadlines at the most competitive rates available.
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Q1 demand for road freight cargo space is significantly higher than 2023 and an increase from February, which reflects demand trends that typically increase in the run-up to Easter and the beginning of spring.
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If the current growth rates for China to US West Coast (+17%) and China to Mexico (+60%) are fixed going forward, then by the year 2031 more containers would be shipped from China to Mexico than China to the US West Coast.
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Regardless of your cargo type, size and requirements, we have extremely competitive rate and service combinations, to meet every deadline and budget.
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We leverage our long-term ocean carrier relationships to deliver cost-effective sea freight solutions, that smooth out rate fluctuations into U.S. and Mexican West Coast and East Coast ports.
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Air cargo space is really critical to the US and EU, with transit times for the US regularly extending to seven days and six days for Europe, with booking timelines up to nine days before carrier handover.
https://t.co/3cpbH78GpF
Traditionally, larger cargo volumes are charged at a cheaper per kg price than smaller volumes, but that dynamic is currently reversed, in a certain sign of a massive capacity squeeze.
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The ocean market softened early March, with falling spot rates and while the carriers were unable to achieve a rate increase in mid-March, demand has picked up and carriers are planning increases.
https://t.co/3cpbH78GpF
Spot rates for Chinese exports into the US West Coast more than doubled in February in the aftermath of the Red Sea crisis, while rates from China into Mexico peaked earlier in January and at a much lower level.
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The CUC will apply to small imports of products such as fish, salami, sausage, cheese and yoghurt, with the flat-rate of £10 or £29 per commodity capped at £145.
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Airfreight has been congested across all India origin airports and transhipment points, with space overbooked, which means rates increased, often without any notice, and space is really critical to the US and Europe.
https://t.co/ihHrdgPQ0s
Trade between China and Mexico grew 35% in 2023 and the growth in exports to the U.S. that followed saw Mexico overtake China as its biggest trading partner, with Canada second and China third.
https://t.co/EwXC9WHFOF
Ex-India, Bangladesh, and Sri Lanka spot rates experienced significant increases, rising by 81%, 40%, and 55% respectively last month, driven by strong demand for apparel products.
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With transport prices still soft carriers are seeing reduced profits, which means less motivation for carriers to expand their operation and could lead to potential capacity challenges, when the market rebounds.
https://t.co/3cpbH78GpF
Our ‘All Risks’ policy is the most simple, cost-effective and comprehensive way to cover the full value of your shipments door-to-door and protect them from a wide range of perils, including war risks and general average.
https://t.co/B0YcCt7abr