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Freight Payment Procurement Category Is Projected to Grow at a CAGR of 8.91% by 2026

According to the SpendEdge Sourcing and Procurement Reports, Freight Payment Procurement Market is expected to have an incremental spend of USD 13.3 billion, accelerating at a CAGR of 8.91% by2026. The report provides a global Freight Payment spend outlook at a global as well as regional level. Current spend scenario, growth outlook, incremental spend, and other key information is available individually for North America, South America, Europe, Middle East and Africa, and APAC. It is crucial to keep track of current and future Freight Payment price trends to completely optimize the value of the purchase, both from current cash outflow as well as overall cost and benefit perspective. The Freight Payment report expects a change of 3%-5% during the forecast period. Price forecasts are beneficial in purchase planning, especially when supplemented by constant monitoring of price influencing factors described in the report.


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CCFI Summary week 19

Ocean freight rates increased via the West Coast of North America (+1.5% week-on-week), Europe (+4.0%), and Korea (+3.3%). Freight rates via the East Coast of North America (-0.9%) decreased.


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