How to compare and evaluate interest rates and two -wheeled vehicles
Buying a two -wheeled car is an exciting milestone that can provide convenience and freedom. However, it usually needs to provide financial assistance in the form of a two -wheeled loan. Choosing a suitable loan is very important because it can ensure the burden and prevent long -term financial pressure. The two key aspects to be considered are the two -wheeled loan interest rate and the same monthly installment payment (EMI). This guide will take you to understand how to effectively compare and evaluate these factors to make wise decisions. 1. Understand two rounds of loans Two -wheel loan can help you buy it by covering the cost of most vehicles for your bicycle or pedal car. The loan provides different interest rates, repayment periods and terms, so it is important to compare your choice. The main characteristics of two rounds of loans Loan amount: Leading banks such as ICICI Bank offers up to 100 % of the funds of…
Global shipping market faces turmoil in tanker rates
According to Bloomberg, the cost of chartering supertankers on key routes to China has increased sharply in light of recent U.S. sanctions on Russia. The development highlights the broader impact of geopolitical tensions on global shipping markets. Also read: Global shipping faces turmoil: Chokepoint disruption threatens trade and supply chains Daily rates for very large crude carriers (VLCCs) on the Middle East to China route surged 112% to $57,589 after sanctions were imposed on about 160 tankers transporting Russian crude, according to Baltic Exchange data. Similarly, the US Gulf to China and West Africa to China routes also increased by 102% and 90% respectively. At the same time, Chinese refineries are urgently purchasing crude oil from the Middle East, Africa and the Americas to make up for the shortage of Russian oil. A VLCC shipped from the US Gulf to China was booked last week at US$9.5 million, significantly higher than the low of US$7 million in previous months. In…
GM OnStar lawsuit says data collected affects insurance
The FTC accuses General Motors and OnStar of selling location and driving data to third parties. January 19, 2025 — A GM OnStar lawsuit has been settled with the Federal Trade Commission after the agency accused General Motors and OnStar of selling data and driving behavior information to third parties, including consumer reporting agencies. General Motors has long offered OnStar as a service to assist consumers in emergencies and provide hands-free voice assistance as well as real-time traffic and navigation. However, GM and OnStar have also been collecting data that, according to the FTC, "includes precise geolocation data - as often as every three seconds for some users." Every emergency braking, speeding, vehicle location and late-night driving incident is sold to agencies, which use the data to create consumer credit reports. The reports are allegedly used by insurance companies to set insurance rates or even deny coverage altogether. The FTC said GM OnStar filed the lawsuit because GM allegedly failed…
U.S. auto insurance rates rising disproportionately
If you think your car Insurance rates have skyrocketed in recent years, and you're right. The Consumer Price Index (CPI) shows that the cost of car insurance has risen 51% over the past three years, six times faster than the overall inflation rate. What makes auto insurance prices rise the most in the CPI? This is blamed on the lingering effects of the coronavirus pandemic and an increase in reckless behavior on America's roads. Speeding occurs more frequently and at higher speeds than normal, and drunk driving surges, leading to a surge in crash severity, all of which result in auto insurance companies receiving more catastrophic vehicle and injury claims. In addition, shortages of materials, parts and labor caused by the pandemic have led to unprecedented increases in repair costs claimed by customers. These two factors have combined to cause car insurance rates to skyrocket, with no relief in sight. Top drivers and car collectors being overcharged In addition to…
US port strike looms: Surcharges send freight rates soaring
Shipping lines prepare for disruption on January 15 The upcoming January 15, 2025, strike by dockworkers on the East Coast of the United States is having an impact on the logistics industry, pushing up freight rates and triggering surcharges from major shipping companies. Negotiations between longshoremen and terminal operators remain deadlocked, prompting industry stakeholders to brace for major supply chain disruptions. Also read: Contract talks stalled, East Coast port strikes loom, carriers brace for fallout Leading carriers launch surcharges To mitigate the potential impact, carriers including Maersk, CMA CGM and Hapag-Lloyd have announced surcharges on several routes. Maersk: USD 1,500 per TEU, rising to USD 3,780 for a 45-foot container. CMA CGM: USD 800 per TEU for exports and USD 1,500 for imports. lloyd table: Work interruption surcharge applicable to multiple regions, with additional charges for East Asian imports. Freight rates on major routes rise Freight rates climbed sharply, reflecting the uncertainty surrounding the strike. Shanghai Container Freight Index (SCFI)…
Rejection rates surge in U.S. truck market
The U.S. truckload market has seen a significant shift, driven by the recent Christmas holiday, with the Outbound Tender Rejection Index (OTRI) exceeding 10% for the first time since April 2022. The surge in rejection rates indicates that capacity is declining, making it more challenging for shippers. Also Read: Truck Spot Rates Surge During Peak Season The precarious balance in the truckload market has resulted in spot rates rising nearly 10% from 2023 levels (excluding fuel costs). The current situation is a far cry from its post-pandemic highs, when OTRI had been hovering above 20% for nearly 18 months, resulting in procurement issues for 1 in 5 loads. This changing landscape still poses challenges as the market moves from oversupply to a more volatile and tense environment. Shippers have taken strategic steps to address these shifts, such as extending delivery times and supporting intermodal options. Domestic container throughput surged more than 10% year over year, easing pressure on West Coast…
Truck spot rates soar during peak season
The truckload dry goods market is witnessing a strong response from the peak season, with the National Truckload Index (NTI) reaching levels not seen in nearly two years. According to Yahoo Finance, spot rates have surged from $2.38 to $2.52 per mile, a significant increase since January 23, 2023. Also Read: Improving carrier sentiment points to potential rate increases in truck spot market The latest data from SONAR showed that the outbound tender rejection rate increased by 63 basis points weekly, climbing from 5.24% on December 5 to a peak of 5.87% since July 8. It increased 7.32% year-on-year to 7,926.19 points, compared with 8,551.79 points last year. These dynamics suggest that improvements are driven more by capacity factors than overall volume increases. Further analysis by SONAR Carrier Details shows a decrease in the number of freight agencies, with 344,541 active freight agencies now representing a 4% decrease compared to 358,985 a year ago. The shrinking trucking sector presents potential…
Inflation data and interest rates impact U.S. stocks lower
U.S. stocks fell on Thursday after new inflation data was released, clouding investor confidence in upcoming interest rate changes. According to Yahoo Finance, the Dow Jones Industrial Average (^DJI) was essentially unchanged, the S&P 500 (^GSPC) fell about 0.2%, and the Nasdaq Composite (^IXIC) fell 0.5%. Also read: US expects shipping container imports to fall to $999 million in 2023 The inflation data continued the earlier narrative that the consumer price index was stimulating the market, briefly pushing the Nasdaq above the 20,000-point mark. The key data cleared the way for expectations of a rate cut by the Federal Reserve in December, a move that market observers all but confirmed. However, the producer price index exceeded expectations in November, rising 0.4%, higher than the 0.2% expected, fueling speculation about the Fed's next move in January. As the financial world digested these insights, the Swiss National Bank unexpectedly cut interest rates by 0.5%, the largest rate cut in nearly a decade,…
These cars and brands have the highest death rates in the U.S.
According to iSeeCars, the fatal accident rate for Tesla models is nearly twice the industry average. However, driver behavior rather than vehicle design appears to be behind Tesla's high fatality rate. The Hyundai Venue topped the list with 13.9 fatalities per billion miles driven, well above the average. While Tesla continues to promote its cars as the safest on the road, a new study appears to suggest that the company's vehicles may not be as invincible as they are marketed to be. Findings provided by iSeeCars show that while Tesla models perform well in crash tests, they actually lead the country in fatal crash rates. But is it the car, or the driver? var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("0f7e3106 -c4d6-4db4-8135-c508879a76f8"); } else { adpushup.triggerAd("82503191-e1d1-435a-874f-9c78a2a54a2f"); Fatal Accident Rate: Surprising Results The iSeeCars study analyzed death data from the U.S. Death Analysis Reporting System between 2017 and 2022. The study found that the…
MPI Academy rates attendees
The MPI Academy continues to grow, with active participation and satisfaction from the entire industry in its four main activities. According to data released by IMEX America 2024 earlier this month, attendees reported a 90% satisfaction rate with education at IMEX America EMEC92% satisfaction World Endurance Championship100% satisfied Thought Leadership Summit and 99% satisfaction event. MPI's Global Meetings Industry Day was once again a success, with 3,836 people registered and a total of 283,230 minutes of education gained, or approximately 2.5 hours per person. Overall, the campaign was a success, with an NPS score of 46, overall satisfaction of 96%, and relevant content of 95%. From January to September 2024, MPI Academy issued more than 1,000 certificates. More than 300 meeting professionals earned certificates in new AI-enhanced events, demonstrating the need for quality education around artificial intelligence and event technology. Newly added this year Event Welfare Champion Certificate from Google Neu project, Golf event planning With partners Frisco, event psychology…
China’s container trade and leasing rates to fall in the future
This month’s China market update is filled with developments that threaten to disrupt supply chains within China and from China to key markets such as the United States and Europe. See also: China's container trade and leasing markets send mixed signals Typhoon causes delays in berthing times and container operations at major Chinese ports Last week, China was hit by its worst typhoon in 75 years, which made landfall on its eastern coast. Hapag-Lloyd reports that vessel calls at Shanghai are currently delayed by 36 to 60 hours, while calls at Ningbo are delayed by 24 to 48 hours. This bottleneck is expected to intensify further as Typhoon Prasang approaches, potentially exacerbating an already tense situation. Several ports including Ningbo and Shanghai have announced the suspension of container operations. East Coast labor strike affects U.S.-bound goods On the US side, the ongoing threat of strikes at East Coast ports has created uncertainty. These strikes are expected to affect operations at…
Abu Dhabi Middle East Solid Waste Recycling Exhibition 2025 Booth Rates and Map
As the Middle East Solid Waste Recycling Exhibition in Abu Dhabi approaches, in order to help exhibitors in the waste recycling industry book their booths smoothly, Juzhan.com offers a detailed booth booking guide. Stand type and price Standard Stand: Provides basic stand facilities including display panels, display tables, chairs, lighting etc., suitable for small businesses or first time exhibitors. Prices vary depending on the stand area and location. Raw Space Stand: No facilities are provided. Exhibitors can design and build their own stands, suitable for businesses looking to display custom exhibits. Prices are per square metre and again vary depending on location. Booking process Fill out the application form: Fill out the online application form and provide basic information about the company and booth requirements. Select a booth: Select your preferred booth location according to the booth layout and confirm the booth type and area. Submit the application: Submit the booth application form and related information and wait for the…
Freight forwarders predict tighter space and higher freight rates
Chinese e-commerce sellers Temu and Shein are disrupting the air cargo market. Cheap clothing and home goods bound for the United States and Europe are gobbling up space on planes, raising concerns about an eventual capacity crunch. Also Read: The Essential Guide to Freight Forwarding in the United States While China has been the world's low-cost manufacturing powerhouse for some time, Shein and Temu are approaching previously unimaginable levels. Shein currently sells to more than 150 countries, while Temu has a presence in 40 countries and is growing. Both companies have an on-demand business model, where orders are placed with suppliers and delivered within a few days. Real-time demand data enables timely replenishment as needed and limits the need for storage and inventory risk. Competition for air cargo space is intensifying in southern China, home to the country’s manufacturing heartland. In June, air cargo prices rose 40% compared to 2023, a rare occurrence in the summer. It is estimated that…
Rising freight rates drive global container shipping profits soar
The global container shipping industry posted a sharp rise in profits in the second quarter, with revenues exceeding $10 billion, helped by record cargo volumes and rising freight rates. The growth came after disruptions to Red Sea shipping, a recent analysis showed. Also read: CH Robinson: How shippers can prepare for potential ILA strikes amid growing disruption in North American shipping landscape Net revenues at major container shipping companies, including Denmark's AP Moller-Maersk A/S and China's COSCO Shipping Holdings Co., nearly doubled compared with the first quarter of this year. These profits even exceeded the $8.88 billion in the same period of 2023, as highlighted in a report published on Saturday by industry expert John McCown. McCown expects profits to continue to rise this quarter given the strong performance of international trade. The container shipping industry, which transports 80% of the world's goods, experienced a boom during the pandemic due to strong consumer demand and supply chain disruptions. However, the…
U.S. importers brace for higher freight rates amid strike threat
An impending union strike at ports along the U.S. East and Gulf Coast threatens to increase freight rates and cause massive disruptions in ocean container traffic, trapping U.S. importers in a vicious cycle. See also: East Coast and Gulf Coast ports face strike threats as ILO suspends labor talks The International Longshoremen’s Association (ILA) recently announced the suspension of labor contract negotiations with the United States Maritime Union (USMX). The current agreement will expire on September 30, sparking concerns about a strike. “Shippers are already bringing forward imports ahead of the traditional third-quarter peak season due to supply chain concerns over the Red Sea conflict,” commented Peter Sand, principal analyst at Xeneta. “They are likely to accelerate these efforts, further complicating the situation, as the risk of disruptions at East and Gulf Coast ports increases.” Increased frontloading of imports has led to severe congestion at ports in Asia and Europe, causing spot rates for ocean containers to rise by more…
As freight rates soar, dock workers get bigger pay raises
Earlier this week, 159 trade associations representing key supply chain stakeholders sent a letter to the Biden administration and relevant congressional committees, calling on the U.S. government to intervene in the stalled labor contract negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Union (USMX). On June 10, the International Longshoremen’s Association issued a press release announcing that it refused to continue negotiations due to an outstanding dispute with a terminal operator at a port on the Gulf Coast. The International Longshoremen’s Association has expressed its willingness to call for a coast-to-coast strike if a new contract agreement is not reached before the expiration of the current contract, which covers approximately 45,000 longshoremen at ports on the East and Gulf Coasts of the United States. The current contract expires on September 30, 2024. In the letter, the industry associations urged the Biden administration to "immediately work with both parties to resume contract negotiations to ensure that port…
How do parking tickets affect car insurance rates?
Parking tickets are common for many drivers, but is it possible that these minor violations could increase your auto insurance rates? This article will explore the relationship between parking violations and insurance premiums to address the concerns of many motorists. Additionally, we'll explore other factors that may affect your rates and provide guidance on how to maintain affordable coverage. Do parking tickets directly affect insurance rates? The answer is no; parking tickets generally do not directly impact auto insurance rates. Insurance companies focus primarily on driving behaviors and events that indicate a higher risk of getting into an accident or filing a claim. While parking violations are inconvenient and costly, insurance companies view them as irrelevant to your driving record and overall risk assessment. Insurance companies consider a variety of factors when determining premiums, but parking tickets generally have little impact because they are non-moving violations, meaning they don't involve the operation of a vehicle on the road. Therefore, they…
Explore the latest exhibition information and industry trends at ASAP Expo Magazine. Your one-stop platform, bringing together global exhibition highlights, industry trends and in-depth analysis, to help companies accurately connect with the market and seize business opportunities.
