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Shipping Rates

All articles tagged with #shipping rates

global-trade1 year ago

"Global Trade Disrupted as Soaring Freight Rates Hit Pandemic Levels"

A sudden shortage of shipping containers has caused ocean freight rates to spike dramatically, disrupting global trade. Factors such as peak shipping season, longer transit routes to avoid the Red Sea, and bad weather in Asia have exacerbated the situation. Ocean carriers are skipping ports and reducing port time, leading to fewer empty containers being available. This has resulted in increased costs for shipping consumer goods, with rates expected to rise further. The situation is reminiscent of the supply chain chaos during the COVID-19 pandemic, with logistics providers warning of continued challenges and higher costs being passed on to consumers.

via CNBC|
#container-shortage#global-trade#ocean-freight
business-shipping1 year ago

"Red Sea Crisis: Easing Ocean Freight Inflation and Container Planning"

The Red Sea crisis has caused a surge in ocean freight rates, but there are signs of relief as rates on key trade routes from Asia to the U.S. and Europe are beginning to decline. Despite ongoing maritime threats, data from Xeneta shows a slight decrease in rates, providing some relief for U.S. importers. However, rates are still significantly elevated compared to December. The timing of these rate decreases could impact negotiations between carriers and shippers, and upcoming manufacturing volumes out of Asia post-Lunar New Year may influence pricing for the rest of the year.

via CNBC|
#business-shipping#global-trade#ocean-freight
businesseconomy1 year ago

Red Sea Supply Chain: Navigating Economic Risks and Container Traffic Trends

Analysis of trade data suggests that the supply chain inflation caused by the Red Sea crisis may have peaked on key global trade routes, with rates on ocean routes from Asia to Europe and the Mediterranean beginning to decline, while U.S.-bound trade prices are still climbing. The slight decrease in rates is attributed to negotiations between shippers and ocean carriers, with some shippers managing to agree to lower rates. However, concerns about potential congestion and increased dwell times at ports and rail-bound container facilities are emerging, with experts warning of potential ripple effects on West Coast ports after Lunar New Year.

via CNBC|
#businesseconomy#inflation#red-sea-crisis
business2 years ago

"U.S. Postal Service announces shipping rate increase for 2024"

The U.S. Postal Service has announced that it will raise shipping prices for USPS Ground Advantage, Priority Mail, and Priority Mail Express services starting in January 2024. The price increases range from 5.4% to 5.9%. The Postal Service emphasizes that it offers upfront pricing without surcharges for residential and regular Saturday delivery, as well as no fuel surcharges. The USPS is also considering adjustments to prices for other services, such as post office box rentals and international mail.

via USA TODAY|
#business#postal-service#price-increase
aviation2 years ago

The Surprising Upside of Declining Airline Cargo Revenue

Airlines such as Delta, United, and American are experiencing a significant decline in cargo revenue, with year-over-year declines of about 40% in the second quarter. However, this decline is actually good news for the travel industry as it indicates a strong recovery in travel demand. During the pandemic, cargo revenue helped prop up airlines' revenue, but as travel demand rebounds, the business impact of cargo has faded. The increase in passenger capacity and the resurgence of travel have prompted airlines to add back service, which in turn boosts the supply of space to fly cargo. This, combined with waning demand for air cargo, has led to a decrease in shipping rates. Airlines are planning to expand flights to capitalize on the strong international travel demand, potentially further driving down cargo revenue.

via CNBC|
#air-cargo#airlines#aviation
finance2 years ago

ZIM Integrated Shipping Reports Q1 Losses and No Dividend Payment.

ZIM Integrated Shipping Services is expected to report negative earnings for Q1 2023 due to declining shipping rates and weakening consumer demand. Analysts have revised EPS estimates downward for FY 2023, 2024, and 2025, and the company's EBITDA outlook has been downgraded due to an uncertain pricing environment. The biggest risk for ZIM is a potential recession in 2023, which could negatively impact container shipment volumes and average freight rates. Investors should brace for impact and expect new lows, especially if ZIM downgrades its EBITDA outlook.

via Seeking Alpha|
#ebitda#finance#q1-earnings