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Freight markets are holding steady, but the drivers of that stability are shifting. Disruption across the Middle East, rising fuel costs and network adjustments are reshaping capacity, transit times and pricing across global trade lanes. Rising fuel and costs are cascading through
When airline services are modified or capacity is temporarily reduced, cargo can quickly accumulate at transfer airports while onward flight connections are reorganised. Reduced airline schedules, adjusted flight routings and increased demand for alternative gateways are influencing freight pricing across parts
The latest Global Trade Observatory Outlook, based on insights from more than 3,500 senior supply chain executives globally, confirms a decisive shift in sourcing strategy. More than half of executives (51%) are increasing supplier diversification. A further 32% are near-shoring operations
New trade agreements with the UK and EU are already encouraging buyers to diversify sourcing, while a potential deal with the US is now in abeyance following the Supreme Court’s decision to strike down tariffs introduced under the International Emergency
Carbon cost is no longer a future risk or a corporate reporting metric. It is now a direct, tradable component of freight pricing, influencing routing choices and carrier selection. From 1 January 2026, the EU Emissions Trading System (EU ETS) moved
Despite the historically large new vessel order-book and signs of slower global demand growth, market conditions point toward moderation rather than a return to deep carrier discounting. Even a broad resumption of Red Sea and Suez transits is unlikely to
Global trade is set to reach a new high in 2025, with the combined value of goods and services on track to exceed $35 trillion for the first time. Growth through the second half of the year has remained resilient,
Freight markets have entered 2026 on a more stable footing than last year, but operational precision remains critical. As Lunar New Year disruption builds, ocean carriers continue disciplined capacity management, air freight demand shows selective strength, and European road networks face
If 2025 was meant to deliver a return to supply-chain stability, it never arrived in a clean or predictable form. Instead, the year exposed a more important truth: resilient supply chains are not built for ideal conditions, but for consistent
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