General overview: Space is becoming tight ahead of the Labor Day holiday. SQ and MH have cancelled flights to Europe and the UK until the end of April, which is impacting space and causing rates to rise.
Shanghai to London
- Airport operations are currently normal
- Hauliers are working as normal
- Due to the conflict between Israel and Iran, SQ has cancelled flights to Europe until 28 April, 2024 while MH has cancelled flights to Europe until 30 April, 2024
- Weather is normal
- Space is tight
- Rates are high
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 high
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 high
Shanghai to Frankfurt
- Airport operations are currently normal
- Hauliers are working as normal
- Due to the conflict between Israel and Iran, MH has cancelled flights to Europe until 30 April, 2024
- Weather is normal
- Space is tight
- Rates are high
Shanghai to Melbourne
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- Weather is normal
- Space is tight
- Rates are high
Shanghai to Sydney
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- Weather is normal
- Space is tight
- Rates are high
Market intel
Rise of fast-fashion Shein, Temu roils global air cargo industry
The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie for limited air-cargo space to woo consumers with rapid transit times, more than ten industry sources said.
Shein, PDD Group's (PDD.O), opens new tab Temu and ByteDance's TikTok Shop, which recently began online shopping in the U.S., ship the majority of their products directly from factories in China to shoppers by air in individually addressed packages.
And their growing popularity - Shein and Temu together send almost 600,000 packages to the United States every day, according to a June 2023 report by the U.S. Congress - is boosting air-freight costs from Asian hubs like Guangzhou and Hong Kong, making off-peak seasons almost disappear and causing capacity shortages, the sources said.
Source: Reuters
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