Day: December 16, 2024

Articles

Global Trade Climbs 3.3% to Record $33 Trillion

Global trade is projected to reach $33 trillion in 2024, up $1 trillion, to reflect a 3.3% increase from a year ago, according to the United Nations Conference on Trade and Development (UNCTAD). The growth has been fueled by a 7% rise in trade in services, adding $500 billion, while trade in goods rose by

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Articles

Ti Reports Ocean Carriers as Clear Winners in 2024, Airfreight “a beneficiary of uncertainty”

Ocean and air freight rates have climbed significantly in 2024, driven by unpredictable market dynamics, according to Transport Intelligence (Ti). Ocean freight rates remain 117.6 points above January levels, with no immediate return to pre-crisis levels expected. Xeneta’s chief analyst, Peter Sand, highlighted ocean carriers as the year’s “financial winners,” noting their shift from loss-making

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