• Post-Suez box port crunch in Europe less severe than feared Apr 27,2021

  While the Suez Canal blockage at the end of last month is set to prolong the current operational capacity issues in ocean freight, it has not led to the catastrophic congestion crisis some had feared, major forwarders have told Lloyd’s Loading List.Commenting on the knock-on effects currently of t... [learn more]

• Ex-Shanghai ocean freight rates edge up to new record highs Apr 27,2021

  Ex-Shanghai ocean freight rates edged up to new record highs last week due to continuing strong demand and ongoing bottlenecks and capacity constraints – exacerbated and prolonged by the knock-on effects of last month’s blockage of the Suez Canal.Freight and logistics investment analyst ... [learn more]

• French road haulage in gloomy state in Q1 Apr 27,2021

  The volume of global business in France’s road haulage sector in the first quarter of the year continued to be well below pre-COVID crisis levels and its long-term average, according to the latest market report published by French road haulage trade body Fédération Nationale ... [learn more]

• CEVA expands air freight products to add capacity guarantees Apr 27,2021

  Global freight forwarder CEVA Logistics has launched two new services to strengthen its air cargo offering and provide a greater level of responsiveness and reassurance in a highly volatile market, in the form of a guaranteed capacity product and a time critical solution.The company said that “con... [learn more]

• Air freight rates spike again ex-Asia Apr 25,2021

  Air freight spot rates out of Asia have spiked again in the last few weeks, with prices from China and Hong Kong to the US rebounding back to and beyond their level in December to an average of US$8 per kilo.Figures from TAC Index show average prices from China and Hong Kong to the US rising by more than 50% ... [learn more]

• Toll Group to sell its Global Express business Apr 25,2021

  Japan Post-owned Australian transport and logistics business Toll Group has agreed to sell its Global Express business – one of its three main divisions – to Australian private equity company Allegro Funds, in order to focus on “its core businesses in contract logistics and... [learn more]