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Ocean Reefer Container Rate Outlook 2023

  • Packaging & Logistics
20 October 2022

Although refrigerated (reefer) containers and their dry counterparts share the same ocean freight networks, their rates often do not show the same trends due to differences in supply and demand factors. Whereas dry container rates have been steeply declining, reefer container rates are expected to decrease at a significantly slower pace through 2023 yet remain elevated compared to their pre-pandemic levels.

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Cutting Costs and Emissions in Reefer Container Use

  • Packaging & Logistics
6 July 2022

Refrigerated or reefer containers have been around since the 1970s. By 2021, there were approximately 3.5m TEUs (20-foot equivalent unit) reefer containers worldwide and this figure is expected to reach 4m TEUs in 2026. With integrated refrigeration units and climate control capabilities, reefer containers are crucial components in cold chain logistics of temperature-sensitive products such as food, flowers, and plants. Based on takeaways from the 2022 CoolTech conference in Rotterdam, this article outlines three key topics that can help F&A companies identify opportunities for cutting supply chain costs and emissions: reefer design innovations, important aspects in using reefer containers, and tracking and tracing data in reefer chains.

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Global Road Freight Outlook: Fully Loaded With Challenges, but Rate Relief Expected

  • Packaging & Logistics
25 July 2022

The global road freight sector faces many challenges, with Europe impacted more heavily than the US. A shortage of drivers, high fuel costs, and stricter regulations affect operating capacity and costs. These will put upward pressure on rates, and possibly result in capacity exiting the market or increased consolidation. Overall, road freight rates are expected to stay elevated. However, with a recession imminent, we expect downward trends and volatility for both demand and rates between late 2022 and early 2023.

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