The average spot rate increased 2% month over month to $2.29 per kilogram, with demand up 11% year over year, Xeneta’s Clive Data Services found. Dive Brief: The average global air cargo spot rate bucked historical trends by increasing 2% from January to February, according to an emailed report from Xeneta’s Clive Data Services. Meanwhile, […]
Excess inventory may be in focus, but climate change, geopolitics and structural supply chain challenges continue to threaten some goods. While firms today might be more worried about the possibility of inventory pile-ups than product scarcity, the age of port congestion, empty shelves and toilet paper shortages is not far behind us. Risks beyond the […]
Labor, materials, cybersecurity and insurance spending will likely continue to increase this year. Rising costs were a top challenge for manufacturers in 2023 — and this year looks to be no different. Inflation caused prices to spike for not only materials, but wages and energy. And while inflation has cooled in recent months and prices have […]
Aggressive discounting from FedEx and UPS pose a threat to carrier diversification, but competitors are striking back. Parcel shippers may opt to use fewer delivery providers in 2024, countering the push for carrier diversification that became prevalent amid pandemic-related challenges. Smaller, regional delivery providers — those outside the FedEx, UPS and U.S. Postal Service realm — are […]
Boosting network efficiency is a key step in convincing shippers to shift their freight to intermodal, rail executives said. LOMBARD, ILLINOIS — Getting more get freight off highways and onto railcars may be as simple as forming stronger partnerships with the trucking industry and the nation’s short line rail carriers, railroad executives said during an industry […]
