Alphaliner’s Post

Question to freight brokers and shippers A) Choose a carrier with year round rate or set up seasonal rate? This carrier can take care of majority of your shipments. B) Post a load and find new carrier on every load. Negotiations goes on and you end up saving some $$ in slow season. However, you are ready to pay high $$$$ in busy season.

Freight brokerages volume is down in 2023 by 5.6%. Note, the explosive growth during the pandemic. The current decline in brokers is a good warning to shipper to consider reviewing their Carrier and Broker qualifications. Carrier and Broker size can provide some risk diversion. So considering larger size brokers/carriers, carrier/brokers that have have been in business for 5 more more years and diversifying your vendors to a maximum percent of your volume. 10,006 new freight brokerages were created From Jan 2020 to the peak in Nov 2022 which is a 47% increase in three years.

Contract-to-spot spread remains too wide The spread between contract and spot rates remains too wide. The spot-to-contract rate spread, with a spot fuel base of $1.20 per gallon, currently sits at negative 60 cents per mile. This is slightly higher than it has averaged over the past year but is still well below the negative 24 cents-per-mile spread averaged in 2019. With diesel fuel prices rising over the past three months, retail up 15% and wholesale up 38%, there is limited reason for carriers to reject contract rates in favor of the spot market. What is interesting is that the decline in contract rates has come to a crawl in recent weeks and anecdotally some of the largest shippers in the country are becoming less aggressive in searching for rate reductions. For carriers that are exposed to the spot market, conditions remain quite challenging and the need to churn capacity is still there. Authorities are leaving the market at the fastest pace since December 2022, but it is nowhere near the pace that authorities were entering the market throughout 2021 and early 2022. #freightwaves #supplychain #volatility #spotrates #SONAR #contractrates #toughtime #toughpeople FreightWaves FreightWaves SONAR

#royalnews Shipping companies will adjust freight rates starting from March 1 Recently, many shipping companies have issued announcements on business adjustments on March 1. Among them, starting from March 1, #maersk will increase the price of some demurrage and detention charges for goods shipped to/from the United States, Canada and Mexico worldwide by US$20. Starting from March 1, #hapaglloyd will adjust the freight rates (GRI) for 20-foot and 40-foot dry cargo, refrigerated and special containers (including high cubic equipment) from Asia to Latin America, Mexico, the Caribbean and Central America, specifically As follows: 20-foot dry cargo container USD 500; 40-foot dry cargo container USD 800; 40-foot high cube container USD 800; 40-foot non-operational refrigerated container USD 800.

Feb. 18 – Mar. 3: National averages for van and reefer rates were down in February compared to January, with all-in prices falling 9 and 15 cents respectively. Meanwhile, the flatbed segment saw a 2 cent uptick. #logistics #supplychain

FREIGHT MARKET UPDATE  FOR THE WEEK (Week 4, of June 2024) [Ocean - TPEB] The East Coast (EC) is still heavily overbooked:  - Volumes remain strong, although Shipping lines are offering more services the East Coast (EC) is still heavily overbooked. - General Rate Increases (GRIs) for June have been implemented for all Transpacific Eastbound gateways due to peak conditions anticipated in July. - - - Shipping lines will adjust rates to the EC twice as much as to the West Coast (WC) to manage high booking volumes. - Carriers have announced the new Peak Season Surcharge (PSS) for July 1st, marking another increase. [Ocean - FEWB] - Equipment shortages:  these issues persisting in the coming weeks - Port congestion in Asia is easing, though shippers still face an additional 2-3 days in berthing lead time - Demand remains stronger than usual, with rates rising again in the first half of July (a $1,500-2000 increase per 40-foot container) Miranda - Sales Executive at Super Cargo Service 📞 : 0343929640 ✉ : [email protected] #SuperCargoService #SCSGroup https://lnkd.in/gMBKVwDJ USCA Vessel Dwell Times

Looking at the OTRI (Outbound Tender Rejection Index), over the last week we hit over 6% for the first time since 2022 -- last year, we didn't reach over 4%. Time will tell what the rest of the year will hold, but we are still continuing to see a mirroring of the 2019 trends. Watch more below from Zach Strickland, our Head of Freight Market Intelligence, as he walks through several charts to keep an eye on right now. #spotrates #contractrates #freight #freightrates #transportation

According to the latest edition of SCFI freight rates, the four major routes including the Far East to Europe, the Mediterranean, the United States West and the United States East freight rates are showing a downward trend, mainly driven by the southern Hemisphere routes rising freight rates, South American routes per TEU to 3627 US dollars, up 545 US dollars, an increase of 17.68%, in addition, Fares on the Far East to West Africa route also increased significantly, by 9 per cent. Far East to Europe route freight 1,971 US dollars /TEU, down 26 US dollars from the previous period, down 1.3%; The freight rate of the Far East to the Mediterranean route is 3,010 US dollars /TEU, down 4 US dollars from the previous period, slightly down 0.13%. The freight rate of the Far East to the West of the United States dropped to $3,205 /FEU, down $103 or 3.11% from the previous period; The freight rate of the Far East to the United States East route was 4,179 US dollars /FEU, down 180 US dollars, or 4.12%, from the previous period. Welcome to China! Qingdao Kunrong logistic are waiting you here!☀️

I'm not sure if you have noticed, but the market has turned belly up in a dramatic fashion. Yes, the GRIs have been sticking, with more to follow. Aggressive blank sailing has also played a part in severe space shortages across the board. With many carriers fully booked/rolling through May, we are in for a challenging period ahead. The spot market is rapidly increasing, with rate volatility across the board. We will see the CN-AU market in excess of USD3000/40' by the end of the month. There is also now a shortage of 40' equipment in many areas ex CN. #peakseason #shipping #FCL #logistics #supplychain https://lnkd.in/gcTcGdtE