Weathering the Storm: Bestway International Tackles Rising Ocean Rates and Air Freight Challenges
In 2024, the logistics landscape is more dynamic and challenging than ever. Shippers need reliable partners to navigate turbulent times with skyrocketing ocean freight rates and limited air freight capacity. Bestway International provides the expertise and innovative solutions you need to keep your supply chain flowing smoothly.
Rising Ocean Freight Rates: A Perfect Storm
Global demand for ocean freight has hit record levels, surpassing even the peak-Covid demand. Xeneta and Container Trade Statistics data revealed that 15.94 million TEUs were transported in May, breaking the previous record. This surge is primarily driven by volumes out of the Far East, with China alone exporting 6.2 million TEUs in May.
Emily Stausbøll, senior shipping analyst at Xeneta, notes, “More containerized goods ship by ocean than ever before. Available capacity fluctuates with diversions around Africa due to conflict in the Red Sea and severe port congestion in Asia and Europe.”
This perfect storm has led to massive pressure on ocean supply chains, resulting in soaring rates and increased delays.
Air Freight: Limited Capacity and High Demand
The challenges continue beyond ocean freight. The high demand for air freight, fueled by the rise of e-commerce and the need for faster delivery times, strains available capacity. Limited cargo space and increased costs make it difficult for shippers to rely solely on air freight.
Bestway International: Your Strategic Partner in Logistics
At Bestway International, we understand the complexities and challenges of the current logistics environment. Our team of experts provides dedicated, innovative solutions to help you navigate these turbulent times.
- E-commerce Solutions: As e-commerce grows, we offer tailored solutions to meet the demands of fast, reliable delivery. Our last-mile delivery capabilities ensure your products reach customers on time, every time.
- Comprehensive Freight Services: Whether you need ocean or air freight, we provide flexible, cost-effective solutions to meet your needs. Our extensive network of carriers ensures we can secure the best rates and capacity for your shipments.
- Sustainable Practices: We are committed to sustainability and work to minimize our environmental impact. From efficient route planning to reducing emissions, we strive to create a greener future for logistics.
Stay Ahead with Bestway International
The logistics industry is at a pivotal point. By partnering with Bestway International, you gain access to the expertise, technology, and network needed to navigate the challenges of rising ocean rates and limited air freight capacity. Let us help you keep your supply chain resilient and efficient.
Contact Bestway International today to learn how we can support your logistics needs and ensure your business thrives in this dynamic environment.
