Current News

Executives must watch both sea and air amid trade war tensions, warns Xeneta

As the ongoing trade war between the US and China continues to send tremors of uncertainty through the global economy, Xeneta is advising senior executives to keep a close eye on fluctuating ocean and air freight rates. In an unpredictable geopolitical environment, highlighted by last week’s arrest of Huawei’s CFO in Canada, the leading freight rate benchmarking and market intelligence platform says shippers need agile logistics strategies, with the option of shifting transportation mode whenever necessary.

Turning the tide

Container traffic from Asia to North Europe is finally trending upwards. So far, pricing gains have been minimal for carriers.

World Container Index - 06 Dec

The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia is down by 3.8% to $1,643.06 per 40ft container (updated Thursday, 06 December 2018).

Air freight marks modest growth in October, Up 3.1%

The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 3.1% in October 2018, compared to the same period the year before. This pace of growth was up from a 29-month low of 2.5% in September.

£8 million funding scheme for customs intermediaries and traders open

HM Treasury and HMRC grants for training and IT improvements ahead of UK leaving the EU.

Truck driver shortage crisis now spreading across the whole of Europe

European road transport firms are racing towards a driver shortage crisis of 150,000 unfilled jobs, according to new research from Transport Intelligence.

Taxation (Cross-border Trade) Act 2018 (TCTA) Statutory instruments

The Statutory Instruments under the Taxation (Cross-border Trade) Act 2018 (TCTA) and the EU Withdrawal Act 2018 (EUWA).

WTO analyses potential impact of Blockchain on internetional trade

The World Trade Organization (WTO) launched a new publication entitled “Can Blockchain revolutionize international trade?”, sparked by the growing global interest and debate on Blockchain.

Where do you see yourself in five years?

Carriers are starting to distinguish themselves with new corporate strategies.

Guidance on migration to CDS

BIFA & AFSS guidance on planning for the Customs Declaration Service (CDS).