What you need to know: September 2024

Supply Chain resilience are the buzzwords of the decade. With the fragility of global trade flows from global pandemics to geopolitical turbulence, supply chains are impacted with every turn of events. But what exactly is resilience?

"The capacity to withstand or to recover quickly from difficulties"

When challenges arise, we stand together to overcome, it's a human trait... and likewise in business relationships, if you have the right partners in your supply chain, together you rise to the challenge and get the job done! That's where we come in... as a privately owned company that has built its global presence through organic growth and partnerships with our clients, our team will always go the extra mile to go above and beyond. We take pride in making a difference for our clients, communities and each other.

We are pleased to share this month's international freight market updates for Air Freight, Ocean Freight and Ground Freight, available to download in PDF here.

Key market updates this month:

• Potential strike action on the East and Gulf Coast by ILA, the clock is ticking until the deadline of a master contract agreement between ILA and USMX, for more information click on our port strike news article in Industry Insight.
• The implementation of CARM for Canadian customs is coming up in October, our latest trade advisory provides the steps you need to ensure you are up to date with the latest.
• Germany has recently announced stricter land border controls on a temporary basis.
• This week is National Truck Driver Appreciation Week, on behalf of the team at Crane Worldwide, we would like to say a special thank you to all our drivers keeping goods moving up and down the country!

International Freight Market Highlights

Download your market updates in PDF here

Air Freight News

• International air cargo demand increased 14.3% compared to July 2023, driven by all regions and major trade lanes. 
• Air cargo spot rates surged in August, driven by continued demand and capacity imbalances, alongside heightened e-commerce activity and disruptions in Red Sea shipping.

Ocean Freight News

• Front-loading of shipments in anticipation of the potential ILA dockworker strike on the US East and Gulf coasts ports, combined with heightened rate pressures has caused container spot rates from Asia to the US East Coast to plummet more rapidly than usual over the last few weeks.
• West Coast rates may start to stabilize or even rise as retailers begin shipping holiday merchandise and react to the looming ILA strike threats.

Ground Freight News

• Total freight spend in August was down ~9% year over year due to 2% lower shipment volumes and 7% lower prices (incl. fuel) according to Cass Information Systems.

Warehouse Spotlight - Chino, California

Our 315,000 sq. ft warehouse in Chino is located 45 minutes from the nation's largest port complex in Los Angeles, Southern California. A great facility that offers a full suite of contract logistics services. Do you need support on the West Coast? Request a quote today!

Why Crane Worldwide Logistics? 

The vision of Crane Worldwide is to enable global trade for our clients at the highest level of excellence, create a sense of accomplishment for our team members, and elevate the communities we work in. Every day, we make a difference, and aspire to leave a legacy in the logistics industry to improve the quality of life for millions of people around the globe. 

• With a legacy in logistics, our people's expertise, deep industry knowledge and can-do attitude makes a difference to our global and local clients. 
• As a privately owned company, family run business, we have a flat structure which enables quick decision-making. This enables the team to provide the best solutions for our clients.
• Partnerships make a difference and through organic growth with our clients, we have developed a global footprint with local representation and continue to grow. We will invest where our clients need us to be.
• Our technology platform was developed in-house with a holistic view of our client's need for real time information.
• We make a difference in the communities in which we operate. Our Crane Cares initiatives are deeply embedded into our corporate culture.

We are living in extraordinary times with constant change in global markets. Our flexible and dynamic approach accompanied by our value proposition presents our dedication to our clients through our Technology, Service and People.