COGISTICS Transportation LLC’s Post

North American transborder freight saw a 5.6% increase in July 2024 compared to the same period in 2023, reflecting the continued strength of trade between the U.S., Canada, and Mexico. This growth highlights the resilience of cross-border logistics and the importance of efficient transportation networks in supporting economic activity across the continent. With the rise in transborder freight, the focus on infrastructure improvements, technological advancements, and sustainability initiatives becomes even more critical to meet the increasing demands of trade. As industries continue to expand their operations across borders, optimizing freight transportation will be key to sustaining this upward trend in the coming years. #TransborderFreight #CrossBorderTrade #SupplyChain #NorthAmerica

North American Transborder Freight Update 📊🚛 North American transborder freight totaled $136.7 billion in August 2024, down 0.9% from August 2023, according to figures released by the U.S. Bureau of Transportation Statistics (BTS). While freight between the U.S. and Canada decreased by 6.4%, trade with Mexico saw a growth of 4.2%. For the past 18 months, Mexico has continued to lead Canada in freight dollar value. Trucks remained the dominant mode of transport, moving $90.7 billion (up 3.3%). In contrast, rail, vessel, pipeline, and air transport saw declines. Source 🔗: https://lnkd.in/d2MHiUA3 #logistics #shipping #transport

🚚 What impact does weak demand have on European road transport prices in Q4 2023? Freight rates are plunging on the spot market 📉 reflecting weak demand and lower diesel prices. On the contract market, although costs for carriers are rising (labour, maintenance, spare parts, etc.), some of these charges are being partially absorbed in contractual relations with shippers, maintaining a degree of resilience for the time being. Find key data on the sector and quarterly analysis from IRU, Ti Insight and upply 👉 https://lnkd.in/ewUzNjru #roadtransport #prices #freight #upply #supplychain #europe

There are many signs that point to a potential for 2024 to see a rebound in freight volumes and carrier rates. Read on for your March Freight Update. #TrinityLogistics #Freight #3PL #BurrisLogistics

📊🚛 𝐑𝐨𝐚𝐝 𝐟𝐫𝐞𝐢𝐠𝐡𝐭 𝐫𝐚𝐭𝐞𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞 remain flat amid cost pressures and weak demand. While spot rates see a decline, contract rates hold steady, influenced by ongoing high operational costs. Discover how these factors are shaping the market dynamics across key European routes!

➡️ Q3 Road Freight Rates: What’s Driving the Changes? The latest report from Trans.iNFO - transport, trucking & logistics news gives an interesting look at what’s been happening with European road freight rates this past quarter: 🚛 𝗖𝗵𝗮𝗻𝗴𝗶𝗻𝗴 𝗗𝗲𝗺𝗮𝗻𝗱: Rates have been shifting with seasonal peaks and adjustments to market needs. 🚛𝗖𝗮𝗽𝗮𝗰𝗶𝘁𝘆 𝗣𝗿𝗲𝘀𝘀𝘂𝗿𝗲𝘀: Some routes are facing limited capacity, pushing costs up and making availability a bit tighter. 🚛𝗙𝘂𝗲𝗹 𝗖𝗼𝘀𝘁𝘀 & 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻: Rising fuel prices and inflation are also impacting prices, making planning a bit more complex. Efret Ltd is keeping a close eye on these changes to continue delivering reliable, competitive services. Read the full article here for more detail: https://lnkd.in/exa-Z2s9 Contact us today for a quote, or even Customs assistance from our in-house team: 📧 sales@efret.net 📱 +44 (0)1202 132 769 🖱 www.efret.eu #Efret #FreightRates #Logistics #MarketTrends #TransInfo #EUroadtransportation

How long will shippers be able to rely on rate stability? Most likely the best determination will be the pace at which carriers exit the market. Check out the June Market Freight Update. #TrinityLogistics #FreightUpdate #3PL #Logistics https://lnkd.in/ghRCQCAd

Freight Market Sees Positive Trends as Ocean Volumes Surge • Ocean Freight volumes are up 18% YOY which will trickle down into the LTL/Over the road business. • Contract Rates are up following the turn in the Spot Market. • $37 Billion in SBA Loans went to 419,500 transportation & warehousing companies during the pandemic. Source: FreightWaves __________ SRS Industrial Senior Vice President: Joseph Cooper #SRSIndustrial #FreightMarketTrends #IndustrialRealEstate #SupplyChainUpdates

Will 2024 be a freight rebound year? We talk about that and more in this month's Freight Market Update. https://bit.ly/3U12W1P #logistics #freightbrokerage #FreightMarketUpdate #TrinityLogistics

The shipment costs in freight forwarding companies can vary based on several factors such as the mode of transport, the weight and volume of the cargo, the origin and destination of the shipment, and the current market conditions. As of April 2024, the freight industry is facing challenges due to events like the Baltimore bridge collapse and a surge in e-commerce from China. For specific rates, the Freightos Global Freight Outlook for April 2024 provides insights into current trends and data on freight rates. For example, ocean rates from Asia to North America have surged, with rates to the West Coast increasing by 38% to surpass the $4,000 per forty-foot equivalent unit (FEU) mark2. Rates from Asia to North Europe and the Mediterranean have stabilized at approximately $5,500 per FEU and $6,500 per FEU, respectively. Air cargo rates are also affected, with prices to North America increasing 95% since mid-December to $5.40/kg, which is the highest level since late 2022 for this lane. To Europe, rates have climbed 122% to $3.87/kg3. It’s important to note that these rates are subject to change and can be influenced by ongoing global events. For the most accurate and up-to-date information, it’s recommended to check with specific freight forwarders or consult the latest market outlooks and updates.