Tuesday, 8 September 2009
Freight rates rise, but is the bigger issue reduced capacity?
I am sure that everyone involved in transporting goods globally has seen the massive over capacity in the first part of 2009 on shipping routes resulting in rates dropping dramatically, particularly were directly relevant to me on Asia-Europe. With carriers reducing this capacity and demand increasing some have now restored rates to almost the same as they were in 2008.
It is interesting to see a headline in a trade publication this week that shows an airline is increasing it's rates by 25% globally over the next few weeks. Similar to container capacity there has been a reduction over the past months by many airlines, but there is definitely a strong push by these airlines to increase rates now. The balance for us as companies offering freight forwarding services is the need for the best deals without allowing the reduced capacity to damage our clients supply chains.
This is a key topic on our European procurement strategy and indeed our global procurement strategy. YRC Logistics has built a network of partners, not all of them trading clients, in which we share market intelligence on global rates and help each our with procurement strategy. If you are interested in more information on this subject please contact uksales@yrclogistics.com
It is interesting to see a headline in a trade publication this week that shows an airline is increasing it's rates by 25% globally over the next few weeks. Similar to container capacity there has been a reduction over the past months by many airlines, but there is definitely a strong push by these airlines to increase rates now. The balance for us as companies offering freight forwarding services is the need for the best deals without allowing the reduced capacity to damage our clients supply chains.
This is a key topic on our European procurement strategy and indeed our global procurement strategy. YRC Logistics has built a network of partners, not all of them trading clients, in which we share market intelligence on global rates and help each our with procurement strategy. If you are interested in more information on this subject please contact uksales@yrclogistics.com
Labels: airfreight, capacity, Rate Increases, Seafreight
Friday, 6 June 2008
Fixed sea freight rates until January 2009
You can't turn the news on without hearing about the rising cost of Oil and we have all noticed how much petrol at the pump is now costing us. Shipping lines have also been increasing their surcharges to cover the increasing cost of fuel, so when I had a meeting this week with a supplier looking to provide us with a fix term FCL rates including BAF & CAF until January 2009, It makes me wonder how attractive this will be for importers and would be grateful to hear your thoughts and comments?
Labels: Fuel, Oil, Seafreight, Surcharges
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