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Freightos

Port Report: U.S. retail inventories high as container rates retreat

North America’s biggest shippers issued mostly upbeat forecasts for consumer spending for the back half of 2019. But the outlook is providing little boost to spot rates for container shipping as U.S. inventories stay high and the front-loading of Chinese imports appears to have played itself out early in the third quarter. As FreightWaves Chief …

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FreightWaves Insiders – Zvi Schreiber

Freightos CEO and serial entrepreneur, Zvi Schreiber, ventures onto FreightWaves Insiders this week to discuss: Freightos new deal with a major airline that has the company soaring, the dangers of replicating Amazon’s business model, and the how he has found success as an entrepreneur. Subscribe now on your favorite podcast player of choice!

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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