Flexport

?? Weekly Freight Market Update Alert ?? Here’s what we’re monitoring: ?? A potential ILA work stoppage beginning October 1 could create tremendous risk for U.S. supply chains. Flexport is closely monitoring the situation and providing strategic guidance to help customers take proactive action. Please refer to our blog for a comprehensive guide to the situation, along with live updates from our experts: https://lnkd.in/ePRETy4J ?? Far East Westbound (FEWB) Ocean Route: Floating rates for 2H September dropped further, but remain on the higher side compared to early 2024. Carriers are being more proactive in adjusting rates to optimize vessel utilization. The Shanghai Containerized Freight Index (SCFI) dropped by almost $1000/TEU over the past 2 weeks. ?? Transatlantic Westbound (TAWB) Ocean Route: Carriers are seeing good utilization for both Northern European and Mediterranean services. September increases have been implemented, and most carriers have already announced October increases. ?? Air: Combining weeks 34 and 35, tonnages and rates both rose +1%, driven largely by a +5% rebound in demand from the Asia-Pacific, with intra-Asian-Pacific volumes up +8%, primarily due to recovery from Japan, Hong Kong, and South Korea. 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

If the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) fail to finalize a new contract by September 30, the ILA intends to proceed with a work stoppage on October 1. The ILA—which represents 45,000 dockworkers on the East Coast and Gulf Coast of the United States—handles shipments at some of the busiest container ports in North America. A work stoppage could upend U.S. supply chains, potentially leading to pandemic-level disruptions. Read our guide to the rapidly developing situation (plus strategic guidance on how businesses can prepare for and navigate the risks): https://flx.to/ila-usmx-LI

We’re excited to partner with Fj?llr?ven on their sustainability journey. Known for their environmental commitment, Fj?llr?ven sought a partner who could offer transparency, accurate data, and innovative ways to reduce their climate impact. Together, we’re helping them lower CO2 emissions and enhance supply chain visibility, from exploring marine biofuels to setting new standards in sustainable logistics. This collaboration isn’t just about moving freight—it’s about moving towards a greener future.? ?? Learn more: https://lnkd.in/eT6D86hA #supplychain #climate #marinebiofuels #partnership

?? LAST CHANCE TO REGISTER: Want the latest trade lane news and updates? Don’t miss tomorrow’s Freight Market Update Live webinar, where Flexport’s Nathan Strang and Guillaume Caill will cover the latest on North American operations and ports, the TPEB, and the TAWB. ?? Save your spot: https://lnkd.in/ghVu5NPh #supplychain #freightmarket #oceanshipping #oceanfreight #oceancargo #globaltrade #webinar

?? Freight Market Update Live – Europe ?? Join our experts Guillaume Caill and Arno Hausch who will discuss the latest updates on ocean and air freight moving into and out of Europe. They will share their insights on: - Capacity and rate trends across Europe - Insights on cargo movement trends - The post-Golden Week market on the FEWB (Far East Westbound) route - Strikes on the USEC and their effects on TAWB (Transatlantic Westbound) ?? Date: 24 September, 2024 ? Time: 16:00 CEST / 15:00 BST Don’t miss out and register here! ?? https://lnkd.in/eVm3UfcH

Across the freight brokerage industry, automation and outsourcing are rapidly driving down operating costs. Now, digitally empowered models can move spot freight at a mere fraction of historical costs. The market is shifting—and there’s no turning back. In this guide to the evolution and future of the trucking industry, Bill Driegert, Flexport’s Head of Trucking, breaks down: ?? How no-touch load management drastically reduces OpEx and enables exponential scaling ? Why app-centric carriers are the future of trucking—and how Convoy is leading the way ??? How traditional brokerage models made way for the digital revolution ?? Specific caveats to consider before and during the digital implementation process Read now: https://lnkd.in/eJQHH6aa

?? LAST CHANCE TO REGISTER: Each year, shippers leave billions in unclaimed duty drawback on the table. Tomorrow (September 11), we’re diving into this powerful duty mitigation and cost savings strategy—and helping businesses make the most of it. Join Flexport’s Samantha Barber, LCB, CCS and Monica Pascarella for an inside look at the process—how to navigate hidden complexities, drawback estimation tips, and how to maximize your potential refund. Sign up now ?? https://lnkd.in/ef3cZRZN

?? Preparing for the peak season rush? On September 17, Flexport’s fulfillment experts will break down everything you need to know to prepare your business for peak. This webinar will cover: ? Inventory management and auto-replenishment recommendations ? Volume spikes, growth forecasting, and sales trend analysis ? How to make the most of your 3PL partnership Make this peak season your best one yet. Save your spot ?? https://lnkd.in/e_nZaq5V #webinar #peakseason #fulfillment #omnichannel #supplychain #logistics?

Join Flexport fulfillment expert Jean Train as she shares tips for easier holiday returns alongside OneSkin, Passport, and Loop. Save your seat for the free virtual event happening on September 19th: https://lnkd.in/ewFYNYCB

???? The EU is taking decisive action against global deforestation with the new EU Deforestation Regulation (EUDR), set to take effect by December 30, 2024. ?? What is the EUDR? This regulation imposes strict due diligence requirements on specific commodities entering the EU market, ensuring that products are not linked to deforestation. Your Next Steps: - Traceability: Ensure products are traceable back to their origin. - Risk Management: Mitigate deforestation risks in your supply chain. - Compliance: Submit Due Diligence Statements with every shipment. Get ahead and prepare your supply chain for these changes! Read more here ?? https://lnkd.in/eYywAcef