Northbound capacity from Brazil to the US is tight due to ongoing strength in US imports, a reality that has boosted freight rates and is likely to continue until at least the fourth quarter of 2022.
Carriers are deploying extra capacity and launching new services to accommodate strong exports of produce and seafood from the west coast of South America to Asia and the Mediterranean.
The short-term cost of cutting maritime emissions in the Pacific Ocean will be relatively small compared with the market variability of rate levels, according to UNCTAD.
No “summer slump” is expected for the multipurpose sector even though softening spot rates for container shipping will send some spillover shippers back to boxes.
Gartner’s annual examination of the real-time visibility market changed little from 2021 to 2022, with the analyst identifying standalone visibility providers as continued leaders for the in-demand market.
Nowports has landed a cash infusion from logistics technology investor SoftBank to expand its reach in the LatAm market, as investment in the so-called digital forwarding model shows no signs of slowing.
Falling consumer demand amid rising inflation in Brazil and the launch of a new service that has added capacity have conspired to push rates from Asia to the East Coast of South America to their lowest level in about 18 months.
project44 is aiming to provide non-traditional customers, like small shippers, consultants, and financial institutions with a high-level port congestion dashboard.
Sustained demand on the trans-Pacific and limited capacity is pushing forwarders such as Kuehne + Nagel to lock in long-term air cargo charter commitments.