General overview: With the approach of Golden Week (1-7 October 2024), space on all routes has become very tight and air freight prices are rising.
In Bangladesh, the air market is currently stable. The Dhaka Airport cargo village continues to experience congestion. On of the two EDS machines is down, which has led to LHR-bound shipments being prioritised with the remaining functional unit. For other destinations, there are longer processing times. There are also notable space constraints, which is contributing to increased shipment dwell times of 4-5 days.
In India, demand continues to increase, leading to all carriers increasing rates, particularly for hubs serving Europe and the USA. Space for US-bound shipments has become extremely limited. Booking lead time for all carriers is now around 7-8 days from origin handover, although for express bookings, space is released quickly. Congestion at DEL remains an issue.
Shanghai to London
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- Weather is normal
- Space is very tight
- Air 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 very tight
- Air 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 very tight
- Air rates are increasing
Shanghai to Frankfurt
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- Weather is normal
- Space is very tight
- Air rates are increasing
Shanghai to Melbourne
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- Weather is normal
- Space is very tight
- Air rates are increasing
Shanghai to Sydney
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- Weather is normal
- Space is very tight
- Air rates are increasing
Market intel
Shanghai's PACTL upgrades to Hermes 5 cargo system
SHANGHAI's Pudong International Airport Cargo Terminal (PACTL) has rolled out Hermes 5 at four cargo terminals - three in PVG and one in SHA.
Hermes Logistics Technologies (HLT) completed the upgrade within a short window, meaning minimal downtime for PACTL, reports Mumbai's Stat Trade Times.
The air cargo operator handles up to two million tonnes of cargo per year in its multiple terminal system and continued to function with little effect on its operation.
"This was an upgrade, but on a massive scale that required comprehensive discovery work and preparation to ensure the switchover was both simultaneous and short, and downtime was reduced as much as possible," said Yuval Baruch, Chief Executive Officer of Hermes Logistics Technologies.
"A key element of the project was the integration of Hermes 5 with other technology partners working with PACTL, through our standard and bespoke APIs. These enable full integration with other solutions, so data can be shared and operational efficiencies gained."
PACTL's large-scale upgrade involved a comprehensive gap analysis, database optimisation, and training delivered in Chinese through the Hermes Learning Management System (LMS).
PACTL is the latest in a series of cargo handlers to implement or upgrade to HLT's latest, function-rich CMS, Hermes 5, in 2024. Hermes 5, typically implemented in the Cloud, is surrounded by the Hermes Ecosystem, a suite of SaaS solutions available on a pay-as-you-go basis.
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