The current international freight shipping market is seeing a sizeable distribution of spot prices. When shipping containers, a spot price is a cost for moving freight shipments to a certain
CMA CGM to Stop Increasing Freight Spot Rates
CMA CGM, one of the biggest ocean freight movers recently announced its plan to freeze its rising spot rates through February 1st, 2022. This may come as a surprise to
Evergreen Acquired Biggest Freight Vessels
Released onto the world’s seas on July 30, 2021, the Ever Ace has officially named the largest freight container ship in the world. Costing over $150 million to create, The
Delays in Freight Persist
In 2021, the international freight market has seen various disruptions that have led to container prices skyrocketing. It was recently announced that a company would have to pay an ocean
Attracts Freight Forwarders
Forwarders like Senator International and DB Schenker have been looking at alternatives for their freight which is steering them towards Rockford. Rockford airport may be seen as a life vest
JFK Airport’s Freight Facility
The John F. Kennedy International Airport plans on upgrading its air freight facility to keep up with the current times. This will be done by tearing down two vacant cargo
Port Delays and Spot Rates
Over the last year, the freight shipping industry has seen various of unfavorable circumstances like rising spot rates and port delays. Other Events, such as a global pandemic and the
Carbon Neutrality – Freight Logistics
On March 3, 2021 freight delivery franchise FedEx revealed its plan to go completely carbon neutral by 2040. This is part of a global trend where companies that produce carbon
Digitized Freight Forwarding
Since its start in the early 1800s freight forwarding has developed into a whole industry. As logistics and technology have evolved over the years, so has freight forwarding. Innovations in
Global Container Shortage
Last year there were reports of a global freight container shortage. This shortage has continued on to this year. The demand for containers greatly outnumbers the number of containers available.