Flexport

Operations-wise, what are our experts keeping an eye on across different modes of transport? “We’re still seeing 18 days of [rail] dwell into the West Coast,” said Nathan Strang, Flexport’s Director of Ocean Freight, during yesterday’s FMU Live webinar. “We’re also seeing [transshipment] delays going through the Panama Canal.” 👇 Other focus areas include ports in Montreal and Vancouver, where some operations have already resumed post-lockout, as well as the recent breakdown in talks between the ILA and USMX this week. For more insights, watch the full webinar on demand: https://lnkd.in/eQYwb8aT

Thomas P.C. Kempf, Senior Director of global Air Freight Development at Flexport, discusses how fashion can better leverage technology to push the industry forward.

Flexport’s partnership with Wyze, a leader in smart home technology, began in 2023. What followed was a spectacular peak season success story—and over a million units shipped in the past 12 months alone. Here’s what we’ve already accomplished together. 💡 And check out the full case study here: https://lnkd.in/eaJVDfaa

It’s time for our weekly Global Logistics Market Update! The ILA announced they had broken off talks with USMX yesterday after Tuesday's negotiations in New Jersey stalled over proposals related to automation and semi-automation at the ports. The two sides had aimed to reach an agreement on a new six-year master contract. Read our live blog here: flx.to/rgt We’ve also been closely monitoring the labor disputes in Canada. Ports in Montreal and Vancouver are set to reopen after Canadian Labour Minister Steven MacKinnon moved to end lockouts on November 12. Read our blog here: flx.to/v9r Now, moving on to our trade lane updates: 🚢Trans-Pacific Eastbound trade lane: Rates continue to vary across routes between China and Southeast Asia, though we’re seeing increased pressure on routes to the U.S. West Coast. 🚢Far East Westbound trade lane: Space will remain tight in the second half of November due to ongoing blank sailings and a continuously growing roll pool. 🚢Trans-Atlantic Westbound trade lane: In Northern Europe, demand remains stable and strong. Most services to New York are fully booked, while there is more available capacity in the main Southeast ports. ✈️Global air freight update: In week 44 (28 Oct - 3 Nov), worldwide air cargo rates increased by +2% WoW to $2.71 per kilo, up +12% YoY. #supplychain #logistics #freightmarket #freightindustry #oceanfreight #oceancargo #oceanshipping #airfreight #aircargo #airshipping #trucking #intermodal #railfreight

This morning, the ILA announced that they broke off talks with USMX after the employer group proposed semi-automation at ports. “The ILA recognized this as a renewed attempt by USMX to eliminate ILA jobs with automation,” the union’s statement read. “The three-day strike in early October should serve as proof of how much [the ILA] will sacrifice to fight for a fair and decent contract.” With a January 15th contract deadline on the horizon, another potential port strike looms large. Read the full update on our live blog: https://lnkd.in/exh9ViHS Our experts will also cover the latest ILA-USMX developments during tomorrow’s FMU Live webinar. Sign up here: https://lnkd.in/eMj35Bjp

[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, Kyle Beaulieu, and Thomas P.C. Kempf will break down the latest on North American operations and ports, the Transpacific Eastbound trade lane, and the air freight market. 🌊✈️ Register now: https://lnkd.in/edfTh-Tz

Today (November 12), Canadian Labour Minister Steven MacKinnon moved to end the lockouts in Montreal and Vancouver, directing the Canada Industrial Relations Board to order that operations resume at the country’s two biggest ports. MacKinnon’s intervention followed a breakdown in talks between the ILWU Local 514 and the B.C. Maritime Employers Association over the weekend, along with a lockout at the Port of Montreal that began Sunday night. According to MacKinnon, the lockouts affected $1.3 billion CAD (or $930 million USD) in goods each day. Get the full breakdown on our live blog: https://lnkd.in/eg2evrtm

What should importers know about potential tariffs, port strikes and freight rate changes? Join us tomorrow at our Fall Summit to hear insights on the logistics landscape from Flexport's Thomas Kempf. Time is running out—buy your ticket: https://bit.ly/3XM9YJA

📢 Webinar Alert: Freight Market Update Live! 🚢 🛫 Next week join us and get the latest insights impacting the European freight markets and actionable advice. Here’s what we’ll be covering: - Impact of the U.S. Election on Air and Ocean Shipping – What President-elect Trump’s win means for Global Trade and international supply chains. - Ocean Alliance Reshuffling – A breakdown of the latest reshuffles and alliances in ocean freight and what they mean for you. - Early Peak Season before Chinese New Year – A sneak peek into what’s ahead for this year’s peak season, and how you can prepare. 📅 Date: 19 November, 2024
 🕒 Time: 15:00 GMT | 16:00 CET
 👉 Registration Link - https://lnkd.in/eAvXqCWJ

This morning, Flexport CEO Ryan Petersen joined Bloomberg Surveillance to discuss the impact of President-Elect Trump’s election win on potential new tariffs, the ILA-USMX negotiations, a potential port strike, global shifts in manufacturing, and more. Watch the full conversation: https://lnkd.in/eztzxApE