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 AllIn a welcome development, airfreight rates out of Hong Kong and Frankfurt have started to stabilize after several months of decline. The Baltic Exchange Airfreight Index (BAI) reveals that average pri
Ocean freight rates increased via the East Coast of North America (+1.4% week-on-week) and South Korea (+0.8%). Freight rates via the West Coast of North America (-1.3%) and Europe (-0.1%) decreased.
The rankings for international airfreight cargo volume from Japan in July 2023 have just been unveiled. Nippon Express claims the top spot, having transported 16,277 tons of cargo, albeit marking a 21
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