Weekly Air Operations Update: Shanghai to Europe, US and Australia 05/07/24

General overview: Currently, space to Europe and the US is still very tight and air rates are showing no signs of falling. The arrival of the summer period has led to a drop in flight capacity, which is impacting space.

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

General air cargo demand takes off thanks to e-com and ocean disruption

General cargo has been growing at a faster rate than special products so far this year as a result of growing e-commerce demand and disruption in the container shipping industry.

Stats from data provider WorldACD show that over the first five months of the year, general cargo volumes increased by 13% while special products – such as perishables, dangerous goods, high tech and pharma – increased by 10%. The overall market was up by 12% year on year.

This reverses a trend of recent years in which “demand from air cargo shipments requiring special handling and shipping has broadly outperformed general cargo”.

“One factor for this is the strong growth since the start of last autumn in cross-border e-commerce traffic, which often flies in bulk as general cargo rather than within a special product category, as well as the conversion of seafreight to air cargo and sea-air resulting from disruptions since last November to container shipping due to the attacks on vessels in the Red Sea,” WorldACD said.

Source: Air Cargo News