Q2 Freight Forwarding Update

Q2 Freight Forwarding Update

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2 minute read | By Hollie Starr

Last updated: February 21, 2024 | Published: July 25, 2023

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According to the Sustainable Freight Buyers Alliance, freight transport accounts for 8% of global CO₂ emissions, with a predicted increase to 42% by 2050.

As part of the Paris Agreement, the aim is to maintain and keep greenhouse gases at 1.5 degrees and reduce greenhouse gas emissions by 43% by 2030 and reach net zero emissions by 2050.

These targets will only be hit if the logistics industry as a whole support the transition to a more sustainable future.  Here at Good Logistics, we play our part by implementing sustainable practices across our business to help us reduce our own carbon footprint. We also want to help our customers achieve their sustainability goals, by ensuring we offer green-friendly freight options but also provide a service to allow them to offset their carbon emissions, whilst providing support for global climate action projects in developing countries.

You can download more information on our offsetting service here, or join our webinar Navigating your company’s path to net zero: How Carbon Offsetting Benefits Businesses and The Planet, on the 10th of October at 11 am, register your interest here.

For any freight forwarding inquiries please contact our team here.

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Carrier Update

Though we have seen the Global schedule reliability improve month by month, the increase % has been lower each month. In April 2023, the schedule reliability improved by 1.7 percent, taking it to 64.2%, which is up 29.9% year on year. The average delay for LATE vessels has decreased with the April 2023 figure dropping by 0.72 days, taking the overall figure to 4.34 days. Year on year this is a minus 2.22 days decrease and is lower than the 2020 figure.

Carrier scores

April 2023 reports show that Maersk was the most reliable top -14 carrier with a schedule reliability scoring of 70.3%, MSC closely followed with 68%, and Evergreen with 67.1%. The next 6 carriers all scored over 60 %, this included Pil, Wan Hai, Hamburg Sud, CMA CGM, COSCO, and OOCL. The remaining carriers all had a schedule reliability score between 50%-60% and were all within 5% of each other, these included Hapag-Lloyd, HMM, ONE, ZIM, and Yang Ming.

With a schedule reliability score of 52%, Yang Ming was reported as the least reliable carrier in April 2023. Evergreen recorded the highest month-on-month improvement score of 4.6%, all top-14 carriers recorded double-digit year-on-year improvements, with Wan Hai achieving the highest improvement of 43.5%.

____________________________________________________________________________________________________________ To download the full copy of your Q2 quarterly roundup click here.

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