TPM24 has taken place in Long Beach, California, with Xeneta taking to the stage to share expert insights on ocean freight container shipping and preview the next generation of our data and intelligence platform.
At Xeneta, the mission is to provide customers with marketing-leading ocean and air freight data along with powerful insights and personalization.
The next step in this journey is Ocean Monitor 2.0, which was available in preview mode on the Xeneta stand at TPM24. Delegates were given the opportunity to witness the power of Ocean Monitor 2.0 first hand, including comparing multiple datasets such as rates and service reliability to identify correlations and make better, faster decisions.
One US-based importer who was given a demonstration by a member of the Xeneta team told us: "Monitor 2.0 is so fast on every level-from how you zoom in on timelines, selecting new geo-hierarchies, everything is faster. This is so important because I need to be able to make fast decisions."
While the Xeneta team was busy showcasing Ocean Monitor 2.0, there were important sessions taking place on the TPM24 stage.
Peter Sand, Xeneta Chief Analyst, presented data and insights during a session titled Trade Lane Focus: Surplus Capacity and Weak Demand Will Extend Asia-Europe's “Transition to Normalization”.
Sand was joined by Greg Knowler, Senior Editor Europe at the Journal of Commerce; Michael Amri, Global Sea Freight Business Manager Development Manager at Hellmann Worldwide Logistics; and Antonios Rigalos, Managing Partner at XStaff.
Sand shared Xeneta data with the audience which demonstrated the immediate spike in rates following escalation in the Red Sea conflict in mid-December as well as the softening of the market as services settled into the diversion around the Cape of Good Hope.
Importantly, Sand also outlined the importance of using the Xeneta platform to understand risk – and opportunities – on a trade-by-trade and carrier level.
He told delegates: “No trade lane can hide from the disruption we see right now, which is the largest since the covid years. If you are not a flexible, agile company in the way you procure freight you are missing out.
“CMA CGM has transited Red Sea throughout the crisis, other than during the month of February. You can see in Xeneta data that CMA CGM was offering the lowest prices for a long time, and with that knowledge you could strike a short term deal potentially saving thousands of dollars per box.”
