Weekly Air Operations Update: Shanghai to Europe, US and Australia 15/09/23

Shanghai to London

• Space is tight and rates are rising
• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• No weather disruptions
• Space is tight
• Rates have begun to rapidly increase due to a new launch of electronic products

Shanghai to New York

• Space is tight and rates are rising
• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• No weather disruptions
• Space is tight
• Rates have begun to rapidly increase due to a new launch of electronic products

Shanghai to Los Angeles

• Space is tight and rates are rising 
• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• No weather disruptions
• Space is tight
• Rates have begun to rapidly increase due to a new launch of electronic products

Shanghai to Frankfurt

• Space is tight and rates are rising rapidly
• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• No weather disruptions
• Space is tight
• Rates have begun to rapidly increase due to a new launch of electronic products

Shanghai to Melbourne

• The market and air rates are currently stable
• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• No weather disruptions
• Space is open
• Air rates are stable

Shanghai to Sydney

• The market and air rates are currently stable
• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• No weather disruptions
• Space is open
• Air rates are stable

Market intel

• FedEx to hike shipping rates, customs fees to bolster profitability
  

  FEDEX Corp announced its intention to raise shipping rates and customs clearance service fees, effective January 1, as part of its efforts to enhance profitability, reports Reuters.

  In pursuit of this goal, FedEx is implementing an average increase of 5.9 per cent to shipping rates for its US domestic, export, and import services within FedEx Express.

  This rate adjustment will extend to its Ground and Home Delivery units. For FedEx Freight, the company plans to implement a rate increase averaging between 5.9 per cent and 6.9 per cent.

  It is important to note that these adjusted rates will apply solely to shipments within the United States.

  In explaining the rationale behind these adjustments, the company cited the need to account for incremental costs related to the present operational environment.

  Based in Memphis, FedEx has been actively working towards bolstering its profitability. In the preceding year, the company outlined a comprehensive strategy to reduce costs by $4 billion by the conclusion of its 2025 financial year.

• N. China
  Due to the approaching of the Golden Week holiday and the new launch of electronic products, the space of current air market is very tight and the air rates are in a state of continuous rise.
  
  
• S. China
  Due to the approaching of the Golden Week holiday and the new launch of electronic products, the space of current air market is very tight and the air rates are in a state of continuous rise.