Negotiations for long-term container contracts this year resulted in a significant increase in long-term freight rates for both imports and exports on all routes after renewal due to the tight supply-demand situation that has persisted since last year. On the other hand, congestion and capacity shortages in inland areas such as ports, railroads and warehouses are not expected to improve. There is also a serious increase in the load and cost of maintaining services in the field. The challenge is how to maintain and improve services as an important infrastructure that supports the supply chain.
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See AllRates for airfreight services from Hong Kong to Europe and North America have surpassed last year's levels, driven by booming e-commerce demand. In April, average all-in rates from Hong Kong to North
Global air cargo demand increased by 11% year on year in March for the third consecutive month, driven by factors like e-commerce and disruptions in Red Sea shipping. Xeneta's latest analysis revealed
Ocean freight rates decreased via North America East Coast (-3.9% week-over-week), North America West Coast (-2.8%), Europe (-0.7%), and Korea (-1.9%).
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