xeneta
Freight rate data provider Xeneta has appointed Bjorn Vang Jensen as executive industry advisor. Jensen brings more than 35 years of experience managing global supply chains across sectors including fast-moving consumer goods, retail, automotive and consumer durables, the company said.
In the advisory role, Jensen will support Xeneta’s efforts to help shippers, carriers and freight forwarders adapt procurement strategies amid persistent market volatility and geopolitical disruption. The company has been promoting ...
[+]
CMA CGM will reroute vessels on its FAL 1, FAL 3 and MEX Asia-Europe services around the Cape of Good Hope, reversing a recent return to the Suez Canal and adding fresh uncertainty for North American shippers already grappling with volatile transit times, freight rates and inventory planning.
The French container ...
[+]
Average container market spot rates from the Far East to U.S. was flat on all five main front-hauls the week of Oct. 31, and remain so against levels seen in mid-October, said Xeneta, the freight rate benchmarking and market analytics platform.
Compared to September, average Far East-to-U.S. West Coast spot rates ...
[+]
Average container market spot rates from Far East increased 4.3 percent the week of Sept. 18 into both the U.S. East Coast (US$2,374 per 40-foot equivalent units) and West Coast (US$3,317 per FEU), said Xeneta, the freight rate benchmarking and market analytics platform.
Prior to the latest uptick, spot rates had ...
[+]
Market average spot rates from the Far East to U.S. West Coast increased 10 percent by mid-month but steadily declined to US$2,264 per 40-foot equivalent units (or FEUs), said Xeneta, the freight rate benchmarking and market analytics platform.
Average spot rates from Far East to U.S. West Coast are now down ...
[+]
Consumers face an overall average effective tariff rate of 27 percent, the highest since 1903 and, despite the 90-day pause, trade tariffs still feel like a constantly moving picture with a huge amount of uncertainty around what could happen next.
“There seems to be more common acknowledgement that nobody expects this ...
[+]
Global ocean container supply chains experienced record-high carbon emission in the third quarter of 2024, due to the ongoing impact of conflict in the Red Sea, spiraling freight rates and congestion, according to Xeneta, the ocean and air freight rate benchmarking and market analytics platform.
Xeneta’s Marine Benchmark Carbon Emissions ...
[+]
Global air cargo continued its positive start to 2024 with a second consecutive month of double-digit growth in February, according to Xeneta’s weekly marketing analysis.Air freight’s January’s 11 percent volume growth saw similar improvement in February for airlines and freight forwarders, with demand increasing more than 11 percent year-over-year.The improved ...
[+]
Ocean freight shipping rates are expected to increase further in February amid the ongoing Red Sea crisis, according to data from Xeneta, the ocean freight rate benchmarking platform.However, there are signs that rates could begin to fall again following the Lunar New Year peak, the Oslo, Norway-based company said.Xeneta’s projections ...
[+]
