General overview: Due to the high volume of eCommerce cargo, air rates from China to Europe and the United States are still on the rise.
Shanghai to London
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- Weather is normal
- Space is tight
- Rates are increasing
Shanghai to New York
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- Weather is normal
- Space is tight
- Rates are increasing
Shanghai to Los Angeles
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- Weather is normal
- Space is tight
- Rates are increasing
Shanghai to Frankfurt
- Airport operations are currently normal
- Hauliers are working as normal
- Weather is normal
- Space is tight
- Rates are increasing
Shanghai to Melbourne
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- Weather is normal
- Space is tight
- Rates are increasing
Shanghai to Sydney
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- Weather is normal
- Space is tight
- Rates are increasing
Market intel
North America air cargo driven by e-commerce demand
THE surge in e-commerce activity is fueling the expansion of the Far East-North America air cargo trade route, according to the International Air Transport Association (IATA) chief economist Marie Owens Thomsen, reports London's Air Cargo News.
Ms Thomsen highlighted that international cargo tonne-kilometers (CTKs) saw a three per cent increase in 2023 specifically within the Far East - North America trade corridor.
This growth notably outpaced other trade lanes, indicating the significant impact of e-commerce on air cargo in this region.
"We would naturally think that this must have something to do with the e-commerce evolution, and the direction and expansion of the trade lane probably comes from this direction towards the Americas," said Ms Thomsen.
"In a nutshell, I think that's the answer."
Reflecting on the overall air cargo industry performance during a sustainability and economic outlook session at WCS, Ms Thomsen also noted that air cargo is holding its own in the world trade arena.
"Growth in air cargo is outpacing merchandised trade growth," she said. "We are capturing market share in the trade space."
Source: Air Cargo News
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