Flexport’s Post

In this week’s Freight Market Update, ocean carriers will likely extend the new Peak Season Surcharge into the second half of July. We’re also closely monitoring the extreme weather coming off the coast of South Africa, where we’ve seen waves falling to 23 to 26 feet and high winds. Vessels have resumed transiting around the Cape of Good Hope following the extreme weather in the region earlier. Estimated arrival times for vessels have been delayed by 24-48 hours. In the air freight sector, capacity from Asia is largely sold out for Q4 2024. Flexport advises that shippers focus on forwarders with strong Block Space Agreements (BSAs) and a solid charter base to mitigate delays, be flexible with booking sizes, and explore creative routing for cargo that can wait. Check out the full update for more, and subscribe today to stay on top of the latest news and trends from around the industry. #supplychain #logistics #freightmarket #freightindustry #oceanfreight #oceancargo #oceanshipping #airfreight #aircargo #airshipping #trucking #intermodal #railfreight

This week, we launched Flexport’s upgraded Booking Management tool—a unified solution for optimizing your freight planning and carrier allocation strategy across your entire ocean network. Now, companies can manage carrier and NVO contract allocations on one centralized platform—and reap end-to-end visibility, control, and cost savings. With Booking Management, you can: 💡 Track and visualize real-time analytics, including contract-level data and carrier booking performance 🎱 Leverage forward-looking booking data to view future shipping volumes and drive proactive allocation and procurement planning 📐 Minimize booking discrepancies and optimize inventory flow with route- and date-level sorting See Booking Management in action 👇 and check out our updated product page here → https://flx.to/bmprod

[LAST CHANCE TO REGISTER] Looking to stay on top of the latest trade lane news and updates? Then don't miss tomorrow’s "Freight Market Update Live," where Flexport's Kyle Beaulieu and Alexis Boutet will discuss what's currently happening in the ocean and air markets. 🌊✈️ Save your spot 👉 https://lnkd.in/etsJBthC #supplychain #freightmarket #oceanshipping #oceanfreight #oceancargo #globaltrade #webinar

Introducing Flexport’s upgraded Booking Management tool—your centralized solution for optimizing your ocean freight strategy and decision-making across your global network of freight providers. Replace spreadsheets, email chains, and other manual clutter with a single source of truth—and enable proactive control over allocation, along with greater end-to-end visibility, allocation commitment accountability, and cost savings. Here are just a few things you can do with Booking Management: 🔎 Evaluate shipping volumes against contracts, with performance breakdowns by lane, carrier, country, forwarder, and validity period 📊 Visualize contract-level data, carrier booking performance, and other real-time analytics—all on one unified dashboard 💭 View future shipping volumes for each carrier and lane to drive freight allocation and procurement decisions Learn more here → https://flx.to/bm

In this week’s Freight Market Update, equipment shortages and port congestion in Asia are beginning to improve, though still fall short of meeting current demand. Blank sailings are expected in July and August on Far East Westbound (FEWB) trade lanes. In the Mediterranean, carrier utilization has reached 100%, driving up rates for both West and East Mediterranean routes in July. Global air cargo tonnage dropped 5% (June 17-23, 2024), but rates rose 1% to $2.54/kg—10% higher than last year, and 43% higher than pre-COVID levels. Check out the full update for more and subscribe today to stay on top of the latest news and trends from around the industry. #supplychain #logistics #freightmarket #freightindustry #oceanfreight #oceancargo #oceanshipping #airfreight #aircargo #airshipping #trucking #intermodal #railfreight

Amid ongoing Red Sea disruptions, shippers continue to juggle a growing list of concerns. “We’re almost right back where we were at the peak of COVID,” Flexport CEO Ryan Petersen told Bloomberg Television. “Back then, people got very emotional [about freight rate surges and breaches of contract]. When the same things happen now, they remember.” Ryan also discussed: • Ocean shipping capacity through 2026, and the resulting impact on pricing • How technology can help shippers circumvent delays during the peak season rush • How an International Longshoremen's Association (ILA) strike could upend supply chains nationwide Watch the full interview here → https://flx.to/BT

How can technology help you negotiate better carrier rates? Last week, Flexport’s Ryan Leahy and EasyPost’s Lori Boyer discussed just that—plus real-life success stories, proven cost reduction strategies, and insights into route optimization and service level selections. Watch the webinar on demand here → https://flx.to/EP And learn how Flexport’s omnichannel and fulfillment technology helps businesses of all sizes grow faster → https://flx.to/omni