UPS: Sea Freight Overloaded, Shippers Turn to Air Freight to Meet Rising Demand

UPS: Sea Freight Overloaded, Shippers Turn to Air Freight to Meet Rising Demand

As the issue of overcapacity in sea freight becomes more severe, shippers are turning to air freight to meet market demands. The backlog of cargo and slow sailing strategies implemented by shipping companies have sparked concern and anxiety among shippers. A report from UPS indicates a significant increase in international parcel volume and cargo revenue, prompting shippers to adopt more flexible logistics strategies to tackle peak season challenges.

07/18/2025 Logistics
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Vale Predicts Global Seaborne Iron Ore Demand Will Reach 1.4 Billion Tons Next Year

Vale Predicts Global Seaborne Iron Ore Demand Will Reach 1.4 Billion Tons Next Year

Vale predicts that global seaborne iron ore demand will reach 1.35 to 1.4 billion tons this year, as future new supply is limited, with prices expected around $50 per ton. Recently, due to declining steel demand in China, spot iron ore prices have fallen below $40, reaching a ten-year low. Despite pressure on global iron ore supply, increasing demand outside of China may offset this. Additionally, the reduction in new supply is one of the key factors.

12/30/2023 Logistics
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