For those interested in finding a snapshot of global freight pricing from week to week: Meet FIFI. Online freight marketplace Freightos has launched its Freightos International Freight Index (FIFI), a database of more than 250 million price points updated weekly, covering container pricing, price ranges on key lanes, historical pricing and volatility, and the ability to instantly estimate pricing on specific routes.
Two container shipping lines, France's CMA CGM and Israel's Zim, have signed up with Alibaba to allow customers to book space on their vessels through the Chinese e-commerce giant, in a bid to boost sales as the sector battles a severe downturn.
Maersk, the world's largest container shipping line, has teamed up with Alibaba to allow customers to reserve space on its vessels through the Chinese company, illustrating growing cooperation between e-commerce and logistics firms.
Shenyang Airport sees promising potential in northeastern China, not far from the border with North Korea. In September, Hong Kong Air Cargo Terminals Ltd. (Hactl) subsidiary Hactl Development Holdings signed a strategic cooperation framework agreement with Liaoning Airport Management Group, owner of Shenyang Taoxian International Airport, in what both parties described as "a first step in developing the airport as a major regional hub."
Leaders from global shipping firms, freight forwarders, brand owners whose products are counterfeited and organizations representing both industries recently signed a joint Declaration of Intent to Prevent the Maritime Transport of Counterfeit Goods in Brussels.
E-commerce has been the dominant force for change in the air cargo logistics business for the last several years, but online retailers, forwarders, carriers and integrators say they are still struggling with ways to keep up with the intense demand from international customers to deliver them the world instantly. This was the main theme of the plenary session, "Cross-border E-Commerce: Who Will Rule the Game?", at last week's Asian Logistics and Maritime Conference (ALMC) in Hong Kong.
The latest news, analysis, services and systems regarding freight forwarding and customs brokerage and their impact on global supply chains. Today’s companies are transporting and delivering goods to more global customers than ever before using freight forwarding and customs brokerage solutions that manage international business logistics and customs clearance. As these services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using freight forwarding and customs brokerage solutions to power their supply chains.
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