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Freightos

Freightos’ WebCargo makes it a hat trick as IAG offers air freight

Freightos will offer real-time quotes and booking on Europe’s third-largest air carrier as part of the company’s growing online freight marketplace. IAG Group, the holding company for British Airways and Iberia Airlines, said Freightos’ WebCargo is the first third-party platform to offer access to rates and capacity for air freight on IAG flights.   WebCargo …

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Cargo price index falls in unison with port wait-time index

One of the challenges of interpreting ocean freight rate indices is that transport pricing can sometimes go down even when cargo demand goes up. Too many ships may enter the market or vessel interests may price for the top line over the bottom. A case in point is the much-vaunted Baltic Dry Index (BDI), which …

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Port Report: Trans-Pacific outlook worsens on U.S.-China trade tiff

The U.S.-China trade talks throw another curveball at shippers and leave no time to move containers ahead of new tariffs. Market experts see no quick relief at hand, and the weak rates are the set-up for service cuts by the ocean carriers in the coming weeks. As reported in FreightWaves , the Freightos Baltic Index …

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Port Report: Draft restrictions push Panama Spread to unseasonal high

A five-month drought in Panama has reduced freight carrying capacity of the country’s canal of ocean carriers by nearly one-fifth. It’s also giving an unseasonal boost to shipping rates for U.S. East Coast-bound cargo. Starting next week, the Panama Canal Authority will reduce the maximum allowable draft for the largest of ships that use the …

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