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Posts tagged “Freight Forwarding”

 
Asia-Europe container freight spot rates hit new highs 
 
Container spot freight rates from Asia to northern Europe have broken the $2,000 per teu level for the first time in a decade after rising by more than a quarter this week. 
 
The Shanghai Containerised Freight Index reported rates of $2,091 per teu on the Asia-northern Europe trade. The last time rates were this high was during the “dead cat bounce” that followed the global financial crisis, when rates topped £2,100 per teu in May 2010. 
 
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Shippers switching to air freight to escape sea freight hell 
 
With sea freight rates reaching some of the highest levels ever seen, along with equipment shortages, late vessels and still no guarantee of uplift, some shippers are starting to switch to air, driving up rates on a mode that had been enjoying some stability. 
 
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UK-EU freight trade set for bumpy ride in January 
 
With the end of the UK’s Transition Period from European Union trade rules fast-approaching, there continues to be a significant lack of preparedness on the part of the trading community with regard to the post-Brexit business landscape and the implementation of the systems that will be needed from the end of December, according to leading UK customs technology specialist Peter MacSwiney, chairman of UK customs clearance solutions provider Agency Sector Management (ASM). 
 
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New UK report warns of widespread disruption to UK-EU freight transport from 1 January 
 
The UK’s National Audit Office (NAO) has reported that there is still likely to be widespread disruption to UK-EU freight transport from 1 January 2021, despite some progress in recent months implementing the changes required to systems, infrastructure and resources to manage the border at the end of the UK’s post-EU Exit transition period. 
 
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CMA CGM and MSC complete TradeLens integration 
 
Major global container carriers, CMA CGM and MSC Mediterranean Shipping Company (MSC), have announced they are now integrated onto TradeLens, helping ensure a more fully integrated, timely and consistent view of logistics data for their containerized freight around the world. The digital platform is run on IBM Cloud and IBM Blockchain, and was jointly developed by IBM and A.P. Moller – Maersk. 
 
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UK government signs $100m Brexit freight capacity deals 
 
The UK government has signed agreements with four ferry operators to provide freight capacity equivalent to over 3,000 HGVs per week, in an attempt to mitigate the risk of disruption to key freight flows and supply chains as the UK and the European Union (EU) adjust to new border processes at the end of the UK’s transition period from EU rules at the end of this year. 
 
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Proud member of BIFA & FIATA 
 
We are pleased to announce that we have become a member of The British International Freight Association and International Federation of Freight Forwarders Association. 
 
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