xeneta
Retailers are turning to air freight to keep products on shelves amid the crisis in the Red Sea and Suez Canal says ocean and air freight rate benchmarking platform Xeneta.
Its latest data released on 19 January, shows air cargo volumes from Vietnam to Europe – a major trade route for apparel – spiked 62% in the week ending 14 January. This is also 6% higher than 2023’s peak week in ...
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Ocean and air freight rate benchmarking and intelligence platform Xeneta has appointed Tonia Luykx as chief revenue officer.
She has worked for businesses including Sift, Google, Dropbox and Amazon, and says: “In terms of the potential to transform how ocean and air freight is bought and sold and how supply chain ...
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The start of 2024 may herald the start of a new economic growth cycle for air cargo after last year ended with a +9% year-on-year rise in demand and the highest general spot rate in nine months, suggests the latest weekly market data analysis by Xeneta.
While geopolitics and cost of ...
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A surge in e-commerce volumes from Hong Kong and China inflated global air cargo demand by +5% year-over-year in November as US and European consumers splashed out on low-cost products, said says Oslo-based analyst Xeneta in its report published in December. However this growth failed to disguise the underlying subdued ...
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The air freight market could see a return of “classic seasonality” in 2024, says Oslo-based analyst Xeneta in its 2024 Outlook.
Chief airfreight officer, Niall van de Wouw, said the coming year “could be an opportunity for shippers to catch their breath after the volatility of the past few years. The ...
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Global air cargo volumes and spot rates edged up marginally in October, but overall demand remained muted, diminishing hope of a traditional year-end revenue boost, according to Xeneta’s latest analysis.
Latest industry data shows a 2% month-over-month improvement in airfreight volumes in October, which was sub-seasonal compared to the previous five ...
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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 ...
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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 ...
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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 ...
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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 ...
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