The Dispatch - Issue #27

Rates

With spot rates now available from $3900 / $7300, and looking like dropping further in what are traditionally peak rate times. There may finally be a light at the end of the tunnel for importers battered by high freight rates.

Still the small matter of UK port strikes to throw another curveball into the mix, but let's take some positivity while we can!

XSI® - C

Report a figure of $9,053 per 40’ container (FEU) dated 016/08/22 (down 3.84% WoW)

FBX

Report a figure of $10,051 per 40’ container (FEU) dated 19/08/22 (up 1% WoW)

News

The Loadstar mentions a summer of logistics discontent, and logistics armageddon, to keep the narrative exciting for us freight folks 😱. Bloomberg provides some good insight on order volumes dropping out of China. Air Cargo demand drops off, as shippers feel more confident in ocean reliability according to Supply Chain Dive.

A ‘summer of logistics discontent’ as ripples from Felixstowe strike hit Europe - The Loadstar

Cosco is to omit its CSCL Brisbane and YM Evolution services into Felixstowe next week, after the eight-day strike by dock workers begins on Sunday. Unite union negotiators walked out on discussions with the port authority last week, rejecting a 7% wage increase and £500 ($600) lump sum as being “fa…

The LoadstarAlexander Whiteman

China Factory Orders Shrink in Ominous Sign for Global Outlook

Investors wanting to gauge the health of global consumer sentiment should look no further than China’s factories right now.

BloombergBloomberg News

Shippers pull back from air cargo as ocean reliability improves

Rates are on a downward trend and have yet to bottom out, according to Clive Data Services.

Supply Chain DiveMax Garland

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