Airfreight customers reluctant to commit

Freight forwarders are taking a ‘wait and see’ approach before making long-term air cargo capacity commitments demand dropped 2% month-over-month in November , says the latest weekly market by Xeneta’s CLIVE Data Services. Chargeable weight in November was down 8% versus the same month of 2021, although the 1% reduction in global air cargo capacity, as airlines adapted to winter schedules, contributed to a ‘dynamic load factor’ of 61%, on a ... [+]

No relief in sight to shipping misery, says rate data firm

Shipping rate data firm Xeneta said that after a rare dip in long-term contracted ocean freight rates in December and January, container shipping costs are rising once again, with a 3.9% increase in February. The geo-political situation means that the trend is unlikely to reverse any time soon. Chief executive Patrik ... [+]

It’s time to keep tabs on freight rates, says Xeneta

Oslo-based freight rate specialist Xeneta is advising shippers to keep a close eye on fluctuating ocean and air freight rates due to the ongoing trade war between the US and China. It says that in an unpredictable geopolitical environment, highlighted by last week’s arrest of Huawei’s chief financial officer in ... [+]

Xeneta: 45 million and counting

Ocean freight benchmarking and market intelligence platform Xeneta now has 45 million data points from a community of over 700 leading businesses, covering more than 160,000 port to port pairings, says the Oslo-headquartered company. Chief executive Patrik Berglund says it has added over two million long-term and spot rates a month ... [+]

Benchmarking firm adds airfreight

Real-time ocean freight rates benchmarking and market intelligence platform Xeneta is to add an air freight offering. The Oslo-based company gathers the latest global shipping data from a community of over 700 leading businesses, covering more than 160,000 port-to-port pairings and over 35 million contracted rates. This allows users to ... [+]

Partners promise revolution in ocean freight procurement

Oslo-based online benchmarking expert Xeneta and Kempten headquartered e-logistics sourcing firm Ticontract say they have revolutionised for web-based ocean freight procurement through their new 'Tender Benchmark' service. Ticontract director of business development, Oliver Kahrs, said the benefits of the new service “extend far beyond today’s procurement practice” and combines real-time ... [+]

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