Freight Market Flash Updates
Stay informed on key trends shaping the international freight forwarder market:
- Freight Rates Remain High Amid Ongoing Disruptions
Freight rates are predicted to stay elevated in 2025, driven by persistent market disruptions, potential port strikes on the U.S. East Coast, and a significant increase in carbon taxes. Although the Red Sea reopening might add shipping capacity, a return to pre-pandemic rates isn’t expected. Source
- Shipbuilding Consolidation Reflects Strategic Shifts
Fewer, larger owners are concentrating shipbuilding orders, with a focus on green technology and large, high-value vessels, driving up newbuild prices. This shift signals a strategic evolution in global shipping. Source
- Rail Congestion at Port of Los Angeles Hits Two-Year High
The Port of Los Angeles is experiencing severe rail congestion, leading to extended container dwell times amid holiday shipping demands. Collaboration among stakeholders is crucial to ensure efficient cargo movement. Source
Need Help with Supply Chain Logistics?
As rates rise and market complexities increase, Bank & Vogue supports clients with solutions to keep secondhand loads moving efficiently. Reach out to see how we can assist in navigating these challenges.
—–
Bank & Vogue: Industry Pioneers
Discover how Bank & Vogue is transforming the fashion landscape with sustainable innovation! In our latest video, we dive into our journey of turning textile waste into high-quality, stylish creations. ♻️👗 Our brands: Bank & Vogue, Beyond Retro, and BVH Services are at the forefront of circular fashion, repurposing materials to create products that are both beautiful and sustainable.
Join us in reimagining what’s possible, one fiber at a time.
Featured Blog: Seasonal Trends in Secondhand Goods – What to Stock and When 🌟
Get ready for a successful year in the secondhand market! Our latest blog breaks down Seasonal Trends in Secondhand Goods for 2025, helping you plan the perfect inventory for every season.
Plus, get a sneak peek at what’s trending year-round, with insights into upcycled fashion and the circular economy movement shaping the industry.
SMART 2024 Recap: Empowering Circular Fashion & Community Impact
Bank & Vogue was proud to join the industry’s leading minds as a Silver Sponsor at this year’s SMART Conference in Miami! Our team attended several impactful presentations, including an insightful talk by Dr. Stephen T. Odonkor from Ghana, who highlighted the socio-economic and environmental benefits of the second-hand clothes trade in Sub-Saharan Africa. His research showcased how this sector strengthens livelihoods, promotes sustainable practices, and reinforces Ghana’s circular economy commitment. 🌍♻️
We also heard from Teresiah Wairimu Njenga of Kenya’s Mitumba Consortium Association. Teresiah shed light on the challenges facing Kenya’s mitumba industry, from rising costs to the competition impacting local jobs. Representing over 2 million traders, she called for supportive policies to sustain this essential source of affordable fashion and economic stability. 🌍👏
Thank you to all speakers, participants, and organizers for an inspiring conference. We’re excited for next year’s event and to continue driving positive change in the industry.
See you in Dubai next February for the SMART 2025 Annual Convention!
—–
At Bank & Vogue, we’re dedicated to making secondhand wholesaling sustainable and efficient. Looking for reliable support in managing your secondhand inventory? Connect with us to keep your supply chain strong and your goals within reach.
