Xeneta

Data ➡️  Intelligence At Xeneta, we've started a journey to move from simply showing our customers freight data, to providing powerful insights and personalization. This will enable our users to compare multiple datasets, identify correlations and make better, faster decisions. We are happy to launch the first step of this journey, Ocean Monitor 2.0, which is now available in preview mode for all Xeneta customers. Ocean Monitor 2.0 is the only solution in the industry that aggregates 400M rates out of isolation. We all know that procurement is not just about price. There are carrier relationships, schedule reliability, transit times, surcharges, carbon emissions, etc. Ocean Monitor 2.0 will enable users to consider all these metrics and make the best decisions for your supply chain—especially important in times of volatility. Our customers are already digging into Monitor 2.0, and their feedback shown how critical intelligence like this is for them: "Monitor 2.0 is so fast on every level—from how you zoom in on timelines, selecting new geo-hierarchies, everything is faster. And this is so important because I need to be able to make fast decisions. This speed plus being able to see six years of historical data gives me the granularity I need to better inform my colleagues. Monitor 2.0 certainly helps me do that." We're excited for everything to come and hope you join this journey with us. And if you happen to be attending #TPM24 this week, take the opportunity to be one of the first to see Ocean Monitor 2.0 in person! #monitoring #oceanfreight #hotoffthepress

Beyond excited to announce that Jeffrey Van Haeften, Senior Vice President Cargo Commercial Worldwide at Emirates SkyCargo, will be joining the Xeneta Summit as a guest speaker. Van Haeften's extensive experience in the #aircargo and logistics industry makes him a notable edition to the speaker line up, and we are eager to hear his thoughts on changing buyer habits and what's driving change in global supply chains. A session not to be missed! Secure your ticket to gain two-days of actionable insights from industry-leading experts on all things #aircargo and #oceanfreight: https://lnkd.in/dtZvEri

Xeneta intelligence powers the synergy between pricing, procurement, commercial, and marketing teams, providing customers and internal teams with a transparent and insightful view of the freight market. This is especially true for xpd global, a strategic logistics partner specializing in time-sensitive and time-critical cargo. As Renato Proaño, Global Marketing Director at xpd global, notes: “xpd global isn't a forwarder who only cares about our customers when they put out an RFQ. We want to build a long-lasting relationship with them that puts transparency, collaboration, and fairness first. With the support of Xeneta, we've evolved into a true partner, collaborating to proactively keep them informed of market changes and help them reach their goals”. Discover more about how xpd global drives value from Xeneta here: https://lnkd.in/ekBhtj99

In periods of high volatility, the spread between the market low and market high increases. Take spot rates from the Far East to the US East Coast. When the market spiked earlier this year following outbreak of conflict in the Red Sea, the average spot rate increased from USD 3 840 per FEU on 14 January to USD 5 660 on 15 January. This spike was mainly driven by the upper end of the market, with the market mid-high (representing the 75th percentile of the market) increasing by USD 2 550 per FEU and the market high (representing the 97.5th percentile of the market) increasing by USD 2 420. In contrast, the market low (representing the 2.5th of the market) fell marginally by 1%. This resulted in the spread between the market low and the market high more than doubling on 15 January to USD 4 540. A similar situation occurred when the market began its latest rally, with the market average increasing by 22.3% between 30 April and 1 May, while the market low remained relatively flat at 1.5%. Learn more about spread narrowing in July and why we see such notable differences in terms of the development of market spreads. https://lnkd.in/enTuDRCv #marketspread #marketlow #markethigh #redsea

Bangladesh is one of the fastest growing economies in the world – exporting around $40 billion worth of clothes to the global market in 2022 and tripling its per-capita income over the last decade. Right now, Bangladesh is in turmoil. The intensity of demonstrations this past week have resulted in civil unrest, curfews and internet outages. This is impacting sea ports and airports. The Financial Times has covered the story, using Xeneta data to show how the fallout from the protests will add to shipping costs that have already surged due to conflict in the Red Sea: https://lnkd.in/duFMByQf #geopolitics #shipping #Bangladesh #protests

The Wall Street Journal uses Xeneta data to outline the impact of front loading behaviour by US retailers. While the short-term contract rate to ship a container from Asia to the U.S. West Coast was more than four times greater than the same time last year ($7,806 on July 17), rising shipping costs don't seem to be deterring importers. In fact, U.S. retailers are pulling forward overseas orders to get ahead of deepening shipping disruptions, rising freight rates and looming geopolitical concerns – including new tariffs set to hit some goods from China. This marks an early start to the annual peak shipping season leading into the fall. It also marks a big bet for importers who risk being stuck with excess inventories if consumers don’t pick up their spending. Read more: https://lnkd.in/dvCkXN7x

GRIs failing to stick means shippers are finding themselves in a position to play carriers off against each other to secure a better spot rate. In Emily Stausbøll's latest blog, she explores the behavior of carriers in the mid-July general rate increases (GRI), as well as the signs to watch to know if the market is reaching its peak – especially given the magnitude of recent spot rate increases. Discover more: https://lnkd.in/easbFUFh #oceanfreight #spotrates #GRI

The latest Xeneta data shows average spot rates from the Far East to US East Coast stood at USD 10 078 per FEU (40ft equivalent shipping container) on 17 July. Into the US West Coast, average spot rates stood at USD 7 917 per FEU. This leaves average spot rates on these major fronthaul trades up more than 140% since the end of April when the latest market spike began. There has also been a spike on fronthaul trades from the Far East into North Europe and Mediterranean, where average spot rates have increased by 163% and 95% respectively since 30 April to stand at USD 8 499 per FEU and USD 8 127 per FEU. Given the magnitude of these increases, if the market is reaching a peak, how do we know? Discover more in Emily Stausbøll's latest blog: https://lnkd.in/easbFUFh #oceanfreight #containers #shippers #fronthaul

Emily Stausbøll told CNBC that today's IT outage has the potential to cause significant disruption at ports if ships are prevented from offloading and loading containers, and that can cascade through the supply chain. "There are also knock-on impacts across inland supply chains if truck and rail services are unable to pick up and drop off cargo at the port." Stausbøll also noted that in May, Charleston Port on the U.S. East Coast shut for two days due to a software failure, which resulted in a port congestion increase of 200%. "Port congestion has been a major problem during 2024. While it is now easing, there is no slack in the system and any disruption will push the needle back into the red." Not only is port congestion a real concern, "Planes and cargo are not where they are supposed to be and it will take days or even weeks to fully resolve," adds Niall van de Wouw. "This is a reminder of how vulnerable our ocean and air supply chains are to IT failure." Read more: https://lnkd.in/eMK9pRjD #microsoft Lori Ann LaRocco #supplychain #itshortage

With the spiralling ocean container shipping market appearing to reach a peak, Emily Stausbøll answers the important questions – how and why does an ocean container shipping market peak? And where does it go from here? Before you sign off for the weekend, jump into the latest data and analysis from Stausbøll on July GRIs, flat market mid-highs and concerns around an ongoing capacity crunch: https://lnkd.in/easbFUFh #oceanfreight #containershipping