At Centersource Technologies AB we are committed to the highest standards of ethical research and data integrity, guided by the ESOMAR Code of Conduct. Our data is sourced from a limited, anonymous market survey conducted with trusted and established industry participants. The insights derived from this survey reflect aggregated finalized prices as well as observed prices reported within the participants respective markets, with a focus on the highest prices recorded during the first two weeks of each month. These insights are provided for informational purposes only and are intended to indicate market trends rather than serve as comprehensive or fully representative market data.
In adherence to ESOMAR's principles, we ensure that all data collection and analysis are conducted with transparency, respect for confidentiality, and strict compliance with ethical guidelines:
- Data Sourcing and Methodology:
We exclusively use data from government, customs, or government-affiliated websites to maintain reliability and public integrity. In addition, we engage directly with industry experts to gather real-time, firsthand information. Each data point is collected, verified, and aggregated following established ethical standards, ensuring that our research processes meet the rigor recommended by ESOMAR. - Transparency and Accuracy:
All data are published promptly as they become available from the source, ensuring that our insights remain current and reflective of on-ground market dynamics. We actively seek and incorporate regular feedback from industry experts, which allows us to make real-time adjustments and continuously improve the accuracy and reliability of our data. - Ethical Data Usage and Third-Party Material:
Our adherence to the ESOMAR Code of Conduct underscores our commitment to ethical research practices. We maintain strict controls over data sharing and usage; copying or distributing our data is prohibited under our company policy. Furthermore, all necessary agreements are in place for any third-party material used, ensuring full compliance with copyright laws and industry best practices. - Limitation of Liability:
While we strive to provide high-quality, timely market insights, the data is derived from a limited sample and should be interpreted within that context. We are not liable for any damages arising from the use of this data, as it is provided solely for informational purposes and as a directional indicator of market trends.
By integrating ESOMAR's ethical guidelines into our research methodology, we ensure that our practices are transparent, respectful of data confidentiality, and aligned with internationally recognized standards. This commitment not only reinforces the credibility of our insights but also builds trust with our stakeholders and industry partners.
Global freight volumes showed signs of a downfall
Posted on May 8, 2023 |
In early 2023, global freight volumes saw the fastest decline in 3 decades but showed signs of deceleration at the end of Q1.
Volumes fell by 2.1% between December-February 2022 compared with the same period in 2021.
In February, the US rail network moved 1.06 million containers, the lowest since 2015 and before 2012, showing a global slowdown.
Excess inventories affected global freight along the supply chain as consumer and business spending regressed from merchandise to services after the pandemic.
Inflation, rising interest rates, and increased worries of an upcoming recession also prompted households and firms to be more careful about spending.
In March, the port of Singapore’s container throughput soared to a record high of 3.34 million twenty-foot equivalent units (TEUs).
In the same period, in China, freight movements also soared to a seasonal record of 2,022 billion ton-kilometers because industries returned to production after lockdowns upset and the pandemic’s exit wave.
At London’s Heathrow Airport, cargo volumes fell by 9% compared to the same month a year earlier, but volumes have steadied since Q4.
In the US, the number of shipping containers handled via the 9 biggest ports fell by 22% but was in line with the pre-pandemic average for 2015-2019.
The cost of containerized ocean shipping saw a slight increase in recent weeks after falling constantly for a year.