CMA CGM postpones peak season surcharges for U.S. routes
In a major update for ocean shippers, CMA CGM is deferring peak season surcharges on several routes to the United States. The news, first reported by Yahoo Finance, highlights the fourth postponement of a $1,000 surcharge on service departing from the Indian subcontinent, the Middle East Gulf, the Red Sea and Egypt to the U.S. Eastern and Gulf Coast. Also read: CMA CGM delays key U.S. shipping surcharge amid contract talks The French shipping giant's surcharge is thought to reflect the increased costs of maintaining operations amid security concerns in the Red Sea, where CMA CGM vessels remain one of the few still sailing despite the risks posed by attacks by Houthi rebels in Yemen. One of the carriers. The company has aligned with global early-loading trends ahead of the Lunar New Year, when Asian factories typically close for extended periods starting on January 29. The strategic move comes at a time when ocean carrier alliances and vessel-sharing agreements are…
Cargo dynamics remain stable during challenging holiday season
Despite the challenging holiday season, freight dynamics have remained stable, as reflected by the Shipper FreightWaves Supply Chain Pricing Power Index remaining at 40 for a week in a row. An unchanged index value indicates that shippers continue to maintain balanced pricing power with carriers. According to the data cited in the FreightWaves report, the coming weeks are expected to provide clearer direction, especially after the New Year's reset. Also read: Carriers regain support in freight talks amid seasonal slowdown Market signals indicate seasonal patterns FreightWaves SONAR insights show that the Outbound Tender Volume Index (OTVI) dropped significantly by more than 31% compared to last week. It comes as the freight industry grapples with logistics disruptions caused by the midweek holidays. Contract load acceptance, which tracks the amount of load accepted, is consistent with this trend, reporting a similar decline. It is worth noting that among the different freight markets, only four markets saw freight volume growth, and these were…
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…
Artificial Intelligence: The driving force behind holiday season logistics
As the holiday rush approaches, a survey commissioned by Merchants Fleet highlights how artificial intelligence (AI) is becoming an important tool in meeting delivery challenges. More than half of fleet decision-makers cite supply chain disruption as a top concern, but 88% believe artificial intelligence can alleviate operational stress, becoming an important ally for logistics teams this quarter. Also read: Artificial Intelligence – How it is shaping and redefining logistics The survey, conducted by Atomik Research, included more than 250 decision-makers from transportation, trucking and logistics organizations across the United States that manage consumer products. “This year’s holiday season presents unprecedented logistics challenges, and AI will play an integral role in reducing operational friction and improving fleet performance,” said Dr. Suzannah Hicks, Artificial Intelligence Strategist at Merchants Fleet. “Our findings show that , fleet leaders are increasingly confident in AI’s ability to alleviate resource constraints and labor pressures, making it a potential game-changer for holiday logistics.” Survey results reveal AI’s ability…
MotoGP unveils new logo design at season finale in Barcelona
MotoGP has unveiled a bold new logo, marking a major rebranding exercise. The new design, crafted by renowned design firm Pentagram, marks the sport's biggest visual overhaul since 2002. The new logo was officially unveiled at a post-season event at the prestigious National Museum of Art of Catalonia. To accompany the reveal, a captivating video narrated by Game of Thrones star Emilia Clarke has been released. This marks MotoGP's first logo update since 2007. While a black and white version of the logo leaked online ahead of the season final due to EU trademark policy, the official announcement came after the game. The new logo is significantly different from its predecessor, with a more modern and dynamic design that reflects the excitement and energy of MotoGP. It is also more versatile and can be seamlessly adapted to a variety of applications across digital and physical platforms. Also read: MotoGP Catalunya Grand Prix: Jorge Martin takes 2024 riders' title, Francesco Bagnaia…
MotoGP unveils new logo design at season finale in Barcelona
MotoGP has unveiled a bold new logo, marking a major rebranding exercise. The new design, crafted by renowned design firm Pentagram, marks the sport's biggest visual overhaul since 2002. The new logo was officially unveiled at a post-season event at the prestigious National Museum of Art of Catalonia. To accompany the reveal, a captivating video narrated by Game of Thrones star Emilia Clarke has been released. This marks MotoGP's first logo update since 2007. While a black and white version of the logo leaked online ahead of the season final due to EU trademark policy, the official announcement came after the game. The new logo is significantly different from its predecessor, with a more modern and dynamic design that reflects the excitement and energy of MotoGP. It is also more versatile and can be seamlessly adapted to a variety of applications across digital and physical platforms. Also read: MotoGP Catalunya Grand Prix: Jorge Martin takes 2024 riders' title, Francesco Bagnaia…
MotoGP: Barcelona GP confirmed as season finale, Martin and
The Circuit de Barcelona-Catalunya will host the final round of the 2024 MotoGP season on November 17, having previously hosted the sixth round in May. The final race of the 2023 MotoGP season will take place next week at the Circuit de Catalunya in Barcelona, replacing the flood-damaged Circuit de Valencia. The title battle between Ducati's Francesco Bagnaia and Pramac Racing's Jorge Martin will intensify. Two-time world champion Bagnaya narrowed the gap on Martin by winning the Malaysian Grand Prix last weekend. The Spaniard only needs to win the sprint race on November 16 to seal the title. Furthermore, the Barcelona match will also mark a big moment for Alex Espargaro. Espargaro, who had originally planned to retire in Valencia, will now bid farewell to full-time MotoGP racing on his home circuit. At the end of the season, Espargaro will transition into a new role as HRC test and wildcard driver. Also read: MotoGP Malaysian Grand Prix: Baggna wins at…
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Formula E: Mahindra Gen3 Evo revealed ahead of Season 11
Mahindra Racing is ready for the new Formula E season with the launch of the new Mahindra M11Electro Gen3 EVO race car. The Indian team has retained Nick de Vries and Eduardo Mortara for the upcoming season. Mahindra went through some ups and downs last season. They make slow progress at first but make significant progress by the end. However, they ended up finishing 10th. The Gen3 EVO is a big step forward for Mahindra. With more powerful engines and advanced technology, the team hopes to compete for top positions in the upcoming season. Frederic Bertrand, CEO of Mahindra Racing, said: “Pre-season is always an exciting time as we bring everyone together to not only launch our new car, the Mahindra M11 Electro, but also to celebrate Formula E An exciting new chapter. We chose to have guests come to our factory for the first time because during the off-season everything is slowly getting on track, both in terms of…
Mahindra Thar gets huge discounts during festive season
Mahindra Thar 3-door car gets big deals and deals this festive seasonWith the newly launched five-door Thar Roxx taking center stage, Mahindra Thar is enjoying heavy discounts this festive season. Mahindra recently launched the Thar Roxx, which is being billed as one of the biggest car launches of the year and has generated huge interest. In just one hour after pre-orders opened, Thar Roxx had 176,000 pre-orders, which shows its popularity among enthusiasts.However, the new interest in the five-door Thar Roxx seems to have overshadowed the demand for the conventional three-door Thar, which has resulted in Mahindra dealers offering significant discounts. Customers can enjoy discounts up to Rs. Some models of the three-door model are priced up to Rs 1.75 lakh. Additionally, the waiting time has been shortened for all versions of the Thar, making it easier for buyers to purchase.The three-door Thar has been a favorite in the off-road segment since its launch and now faces stiff competition from…
4 new electric cars to buy this holiday season
share tweet share share e-mail Electric cars to buy this Diwali Tata Curve Electric Car Launched in August 2024, Tata Curve Electric Car Prices range from Rs 17.49 lakh to Rs 21.99 lakh. The model line-up is available in five trims - Creative, Accomplished, Accomplished+ S, Empowered+ and Empowered+ A - and two battery options: 45kWh and 55kWh, paired with a 167bhp electric motor. The smaller battery pack offers a MIDC range of 502 kilometers, while the larger battery claims a range of 585 kilometers on a full charge. The carmaker says that using a 70kWh charger, the Curvv EV's battery can travel 150 kilometers in 15 minutes and can be charged from 10 to 80 percent in 40 minutes. It supports V2L and V2V charging functions. MG Windsor electric car The price is MG Windsor electric car Announced just a few weeks ago. The automaker has confirmed that bookings will begin on October 3, with deliveries starting on October…
Honda Elevate Apex Edition Photos – Festive Season
Honda Elevate Apex Edition Honda Elevate Apex Edition is available in V and VX trims of the compact SUV with ivory and black interiors and other additional features Honda Cars India Limited (HCIL) has launched the Honda Elevate Apex edition on the Honda Fiesta. In anticipation of the festive season, Honda has added some spice to the Honda Elevate range with the launch of this limited edition model. The new Apex edition is based on the V and VX versions of the SUV and is available with both manual and CVT automatic gearboxes. The Honda Elevate Apex Edition is available in a price range of Rs 12.86 lakh to Rs 15.25 lakh. These prices are Rs 15,000 higher than the standard model. Such attractive prices, bold exterior updates and luxurious interiors are sure to attract customers and boost sales, especially during the festive season. Honda Elevate Apex Edition – Premium Appearance Package Honda has added some exciting exterior touches to…
This year’s Christmas peak season has swept the logistics industry
Although from a consumer perspective, Christmas or promotional events such as Black Friday in November are still a long way off, the TSL industry is already starting to feel the Christmas rush. The most dynamic situation is sea freight. This year, the importance lies not only in the distance to the production market, but also in the resilience of the supply chain. Compared to the peak shipping period we are used to, we see a shift of about two weeks. What's more, some companies started shipping Christmas goods as early as June. The reason is the blockage of the Suez Canal. Ships detoured around Africa, extending shipping time by 10-14 days. Christmas or promotional goods, including electronics, textiles, decorations and toys, mainly come from China, which is the EU's largest import partner after the UK and the US. According to Eurostat, China accounted for 20.5% of EU merchandise imports in 2023. Also read: Road freight prices unexpectedly rise on Christmas…
2024 Honda Carnival- What are the deals this holiday season?
2024 - Honda Grand Carnival 2024 Honda Carnival – Festival Guide: Deals You Can’t Miss Honda Festival offers exclusive offers on select models and specific variants of Honda cars in India. These offers are available at all authorised Honda dealerships. Dubbed as 'The Great Honda Festival', this limited-time multimedia event offers deep discounts and special pricing options. The event is aimed at enhancing the affordability of Honda cars during the festive season. Focus is on Honda Amaze, Honda City, Honda City e and Honda Elevate models. Designed to meet the evolving needs of customers who are looking for practical and reliable cars. 3 Years Free Maintenance Package – In addition to the attractive pricing, the 2024 Great Honda Fest also comes with a 3 Years Free Maintenance Package. This package covers all prescribed scheduled maintenance tasks for up to 30,000 km or 3 years (whichever comes first). Designed to provide a hassle-free ownership experience. It is worth noting that this…
MotoGP confirms Thailand as 2025 and 2026 season opener
The Thailand Grand Prix will kick off the MotoGP World Championship next season and in 2026. The event is scheduled to take place from February 28 to March 2, 2025, and will also host Moto2 and Moto3 races. MotoGP has announced that Thailand will host the 2025 and 2026 season opener, replacing Qatar as the traditional season opener. The Thailand Grand Prix, usually held in October, will now take place on March 2, 2025 to avoid a conflict with Ramadan. While a new date for the Qatar Grand Prix has yet to be confirmed, Thailand’s growing role in MotoGP continues, with the country also set to host pre-season testing in 2025. The decision to extend this partnership for another two years highlights the importance of the Southeast Asian market to the sport. With Qatar having long been the starting point of the season, this change in the schedule could bring new energy to the 2025 calendar. Moving the opener to…
Formula E: Nico Muller joins Andretti Racing for 11th season
Andretti has signed Nico Muller for the 2024/25 ABB FIA Formula E World Championship, where he will race alongside Season 9 World Champion Jack Dennis. Muller will replace Norman Nattore at the wheel of the Andretti Porsche 99X Electric as the series enters the GEN3 Evo era. Muller’s move follows a strong season in Season 10, which saw him record four consecutive top-six finishes to record his best result in the Drivers’ World Championship standings. Despite the challenges, Muller consistently outperformed his car, scoring an impressive 52 points, while his former ABT CUPRA teammate and Formula E champion Lucas di Grassi only scored four points. On joining Andretti Formula E Team, Nico Müller said: “I am very happy to join Andretti Formula E Team. The team has been successful right from the start of the championship, especially in this third generation of cooperation with Porsche Motorsport. It is a privilege to work with former World Champion Jack and I am…
The peak shopping season in the second half of 2024 is approaching, and the Shenzhen Gift Fair will open in October
The peak shopping season in the second half of 2024 is approaching, and the Shenzhen Gift Fair will open in October 1688 Source: Quzhan.com 2024-07-19 14:03:42 China (Shenzhen) International Gifts, Crafts, Watches & Household Products Fair 2024 2024-10-20 ~ 2024-10-23 89 days until launch check details The 32nd Shenzhen Gift Fair, organized by Reed Exhibitions Huabo Exhibitions Shenzhen Co., Ltd., will be held with great fanfare at Shenzhen International Convention and Exhibition Center (Baoan New Hall) from October 20 to 23, 2024, providing an excellent opportunity for various mainstream brands to enter the gift industry. Covering all scenarios to promote business development As a flagship exhibition of China's gift and home furnishing industry, this exhibition will showcase 5,000 high-quality suppliers, more than 30 major consumer categories and more than 1 million creative gifts in 13 exhibition halls and 260,000 square meters. The exhibited categories include household products, leather bags, stationery and cultural creation, food, small household appliances, 3C digital electronics,…
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