General overview: As conflicts in the Middle East intensify, a growing number of businesses are opting to shift from sea freight to air freight. Coupled with the approach of summer vacations, which triggers an escalation in the number of tourists, the demand for airplane fuel is surging. This is resulting in a decline in the load factor of passenger flights and a tight market for air freight, as well as escalating freight rates. It is anticipated that air freight rates will rise in again in July.
Shanghai to London
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- Weather is normal
- Space is tight
- Rates are at a high level
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 at a high level
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 at a high level
Shanghai to Frankfurt
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- Weather is normal
- Space is tight
- Rates are at a high level
Shanghai to Melbourne
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- Weather is normal
- Space is tight
- Rates are at a high level
Shanghai to Sydney
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- Weather is normal
- Space is tight
- Rates are at a high level
Market intel
China’s air cargo market driven by e-commerce
The rise of cross-border e-commerce is lifting the global air cargo market like never before, with China leading the way, boosted by Air Silk Road or air routes that connect the country with the economies participating in the Belt and Road Initiative, industry experts said.
Besides generating cargo business for airlines, this trend has boosted trade in certain niche sectors like smart wearable and electronic products produced by Chinese enterprises, reports China Daily.
They are now welcomed by overseas consumers, fuelled by a boom in cross-border e-commerce that has sent demand for air cargo transportation soaring.
Guangzhou-based State-owned carrier China Southern Airlines said that in the past few years, the international air cargo market has experienced significant changes.
A large part of traditional bulk trade cargo transportation has been replaced by cross-border e-commerce cargo transportation.
"The air cargo transportation market has been undergoing constant changes, and cross-border e-commerce business has driven the fast growth of demand for air cargo transportation," said Peter Gao, Boeing's vice-president for China commercial sales and marketing.
In 2023, China's imports and exports of cross-border e-commerce products were worth CNY2.38 trillion (US$328.3 billion), up 15.6 per cent year on year. Products exported for cross-border e-commerce alone reached CNY1.83 trillion, up nearly 20 per cent year on year, according to the General Administration of Customs.
Source: China Daily
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