Are you getting any second thoughts ahead of supplier negotiations? As a BCO going into the tender season, 'tender season' jitters are common. But we can help!
Steal these top five tips from Xeneta experts to ace your negotiations & build a disruption-proof resilient supply chain.
In this month's newsletter, you will also find a sneak peek into the latest Xeneta Shipping Index (XSI®) report and the 'State of the Market' webinars.
The dramatic decline in spot rates slowed down in October, but the long-term contract market has yet to catch up. On some trades, the delta between short and long-term rates is nearly three times. For example, on Transpacific, long-term rates are $4k higher per box than short-term.
Keep reading for more detailed insights!
Team Xeneta
What's New?
State of The Ocean Freight Market | On-DemandWebinar
Is it time to renegotiate or go to tender in Q4?
As inflation continues to weigh on container shipping and consumer spending, do you know how your supply chain will be impacted in Q4 & beyond? Watch the latest episode of our flagshipwebinar to learn how you can take a competitive stance in this weaker market to get the best spot & long-term rates.
Falling demand vs. Q4 peak season: What does this mean for 2023?
If you’re still waiting for peak season to hit, Xeneta data hints you might be waiting a long time. In one region, demand is down by 16.4%, but in another, it’s only 2.8%. Join Xeneta air freight experts this week to explore the dips and dives of air cargo in Q4 — and learn how global trends may impact your schedule, your budget and your carrier relations.
Xeneta Shipping Index (XSI®) Contract Market | October 2022
Stubborn long-term rates refuse to follow in the footsteps of huge spot declines, but change is coming.
With dramatic spot rate falls, a non-existent peak season, and easing port congestion freeing up capacity, the scene was set for a significant decline in long-term ocean freight rates in October. However, the latest data from the Xeneta Shipping Index (XSI®) reveals global contracted rates fell by only 0.6% this month, following on from September’s 1.1% decline (the first falls since January 2022). Read more
Xeneta Air Freight Update | October 2022
Air cargo demand and load factor trends across regions
Economic headwinds, such as rising inflation, higher interest rates, jet fuel prices and shifting consumer behavior, have led global air cargo demand to drop 2.4% year-to-date from 2021 and is now down 0.3% compared to 2019. Read more.
October Witnessed Lowest Capacity On Trans-Pacific In Last Four Years
The fall in capacity compared to 2019 comes despite a 14% increase in container volumes in the first eight months of 2022 compared to the same period in 2019. Looking at only August 2019, 823 000 TEU were transported from the Far East to the US West Coast, lower than the 880 000 TEU moved this August. However, August demand this year is down from both 2020 and 2021. Read more.
Thanks for reading!
If you have any questions, email us at info@xeneta.com
Did you know? You can take control of how frequently you want to receive our emails by managing your preference here.
