Five things the freight industry agreed on in Munich

The tenth Xeneta Summit opened in Munich today with 600 shippers, forwarders, carriers and airlines in a single room. Every other day of the year these companies negotiate against each other. For two days they sit together.

Patrik Berglund opened the morning with the story of how the Summit started: a few people who believed this industry deserved one set of facts. Ten summits later, the data is there. Xeneta holds 850 million ocean rates across 170,000 port pairs, adds 16 million more each month, covers 25,000 airport pairs and 17 million tonnes a year in air, and tracks 6,500 vessels against 1,700 liner schedules.

Day one was about what that data is for. Let's dive in.

Across a variety of sessions, the word that kept coming back from stage and floor was predictability. In a year that delivered the closure of Hormuz, a partial return to Suez, four typhoons in seven weeks and a doubling of bunker prices, the people who buy and sell freight want to know what happens next and what to do about it.

This story was originally published by Xeneta Blog. Read the full story at Xeneta Blog →