Flexport’s Post

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

Want to stay on top of the latest trade lane news and updates? Join Flexport's Kyle Beaulieu and Alexis Boutet for our next "Freight Market Update Live” on July 11. We’ll cover what’s currently happening on the TPEB and in the air freight market. 🌊✈️ 📌 Save your spot: https://lnkd.in/etsJBthC #supplychain #freightmarket #oceanshipping #oceanfreight #oceancargo #globaltrade #webinar

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

Between soaring ocean rates, port congestion, and labor union negotiations, air freight volumes have surged through an unusually busy summer, suggesting the pull-forward of an early peak season. But the air market comes with its own capacity challenges. FreightWaves breaks it down: https://flx.to/air And retailers across the board are shipping early via water *and* air, all while juggling rapid inventory pivots. Why? Higher-than-expected sales increases, according to nearly half of respondents to a recent Flexport webinar poll. Watch the full Freight Market Update Live webinar for more: https://lnkd.in/epD_4fBH

As ocean rates near a two-year high, how can shippers navigate increasingly turbulent waters? The answer: it’s complicated. “The decision to ship is inelastic,” says Nathan Strang, Flexport’s Director of Ocean Freight. “[Businesses] need to ship their goods to get them to market, and then face the choice of passing through that cost to the end-consumer, or absorbing the cost against their revenue.” Read the rest here → https://flx.to/costs

In this week’s Freight Market Update, volumes continue to exceed last year’s numbers on the Transpacific route, despite structurally blank sailings due to Cape of Good Hope routings and port congestion in Asia and North America. On the Far East Westbound (FEWB), shippers are pushing for earlier cargo departures to avoid further freight cost increases. Ocean rates for Q3 are increasing in the broader U.S. export market, driven by rising rates in global container markets. 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