10 Jan 2023
Overseas warehouse is necessary to supply customer’s prompt orders.
Forum Tag : Freight Rate
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03 Jan 2023Increasing Covid-19 cases in China have shatter the plans of shipping lines to apply GRI (General Rate Increase) in January 2023.
Space supply is still bigger than the space demand even though shipping lines have already canceled almost 50% of their schedules because factories decide to close the factories earlier for Chinese New Year under the pressure less labors and orders from c
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27 Dec 2022Purchasing Managers' Index (PMI) in November was 49, which indicated the economy is completely into contraction cycle.
Negative mood of future economy in 2023 has washed away the joyful atmosphere of celebrating Christmas and New Year. Everybody in global supply chain is to stock resources for winter now, therefore there will be less and less international ocean freight a
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13 Dec 2022Supply and demand is the most important factor in all economic activities, including the logistics industry.
Major shipping lines use the blank sailings to limit the supply of space for keeping rates from skydiving when there is not much booking in the market.
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29 Nov 2022Yearly increased rate of durable goods orders and UI Claims in November all show the economy is still going downward.
Even though shipping lines keep using blank sailings to keep up the ocean freight rate, rate will not stop going down because there are not many orders in the market.
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18 Oct 2022How the CPI (Consumer Price Index) influence the ocean and airfreight?
High CPI will reduce consumptions and at the same time reduce the arrangements for international ocean freight and airfreight.
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10 Oct 2022Why the ocean freight and airfreight rate went down weeks by weeks like sky diving?
Surely, economy is adjusting to normal from the unprecedented booming, and everybody will feel pressure under the transition if they don’t have enough resources to go through the winter. Like a movie series said “Winter Is Coming.”
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04 Oct 2022Ocean freight rate reference and airfreight market rate reference in Week 40
Even ocean freight rate might go down further in the near future, customers should not postpone their shipments to wait for better price because nobody can be one hundred percent sure that there will be no strikes in ports, railways and trucks in the comi
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27 Sep 2022FCL rate reference and airfreight market rate reference in Week 39
Ocean freight and airfreight rate are dropping, but the inland charges and lack of equipment and personnel in railways and trucking companies will be major problems in logistics for years to come.
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20 Sep 2022FCL rate reference and airfreight market rate reference in Week 38
We are not sure if shipping lines will keep dragging down the rate or maintain current rate level until the end of 2022. But we are sure every industry will be adjusted to the balance of supply and demand in the end no matter how much profit you can earn
