3rd Metro Partner Golf day
Metro’s golf day planners once again selected a perfect day for the annual Metro customer golf tournament. Low winds, plenty of sunshine and highs of 20°C provided the ideal conditions for the day’s competitors to enjoy The Belfy, the world-famous golf resort, which has hosted the Ryder Cup ...
Read more
India exporters face more challenges
Shipping lines are imposing surcharges and raising freight rates as capacity from India to Europe, North America and The Rest of The World tightens. Indicative of why this is, can be seen with exports to the US up 13% and significant ocean network changes expected on the India-North America trade...
Read more
New Silk Road will link the Gulf to Europe
Turkey, Qatar, and the UAE are joining with Iraq to develop a new land corridor - Development Road Project - which will connect the Gulf to Europe.
The Development Road Project is a multi-billion dollar land corridor that will stretch 750 miles from the Persian Gulf to the Mediterranean Sea, e...
Read more
Asia market update; June
The Asia export trades are now as challenging as it was during the pandemic, with extremely tight vessel space, equipment shortages and port congestion colliding leading to a surge in spot rates, with analysts speculating it could reach USD 20,000/FEU on the Asia-Europe trade before too long.
...
Read more
Port congestion cannot be ignored
Significant and sustained terminal congestion in major Mediterranean and Asian ports is soaking up available capacity, which directly impacts freight rates and results in substantial delays to vessel schedules, with reliability dropping and the likelihood that delays will persist through the summ...
Read more
Taking track & trace to the highest level
Metro’s multi-award winning supply chain management platform, MVT, has been optimising supply chains for over two decades and the latest release of its AI-powered track & trace module is a Masterclass in shipment visibility.
MVT is a global operations platform, which has been designed to...
Read more
US Customs target non-compliant eCommerce and brokers
US Customs and Border Protection (CBP) is taking action to minimise the exploitation of the generous small package, or ‘de minimis' environment. Seizing goods and enhancing enforcement efforts to hold brokers accountable, the CBP’s actions are unsettling the eCommerce and freighter markets, a...
Read more
Metro road freight division continues expansion
Metro’s mission to develop infrastructure, systems and services to drive the effectiveness and cost efficiency of our European transport solutions is gathering pace.
Just three months ago, our European Road Director, Richard Gibbs, said, “Metro has expanded its European road freight platfo...
Read more
If you’re helping, we can help
There are many reasons why businesses supporting charities is good (not least that most of us, as consumers, would rather be aligned with a philanthropic company), but above all that it’s just compassionate, positive, and the right thing to do. Which is why we like to help.
While Metro - and...
Read more
Sea freight rates from Asia continue to spike and remain on an upward trajectory
Between the start of April and last week, average spot rates from the Far East into North Europe increased by 31%, the US West Coast 30%, Mediterranean 25% and US East Coast 22%, with spot rates to Europe currently $6,000-$7,500 and analysts suggesting they may hit $10,000.
Market demand reach...
Read more
US tariff increases on China EV’s have wider ramifications
Only 2% of US electric vehicle (EV) imports come from China and while economists ponder how effective President Biden’s new 100% tariff will be in protecting US markets, it is likely that EV flows will be redirected to Europe by manufacturers eager to exploit profitable markets.
On the 14th ...
Read more
Global port congestion threat to capacity
The Red Sea crisis and the much longer sailing distances triggered by the diversion around Africa’s Cape of Good Hope (COGH) soaked up existing market overcapacity, which was just enough to cope with the extended COGH transit times, provided there were no additional disruptions to maritime supp...
Read more