Shanghai to London
- The volume to LHR is down recently
- The operations staff are under a closed-loop management at PVG airport, so they have enough staff to handle the operation of commercial flights
- The delivery trucks need to wait outside the warehouse for unloading for 3-4 hours
- No flight cancellations
- No weather disruptions
- Capacity is open in North China and capacity in South China is improving
- The rates of North China are decreased this week; South China rates have also been decreasing
Shanghai to New York
- The volume of e-commerce cargo has been increasing this week, leading to an increase in market rates
- The operations staff are under a closed-loop management at PVG airport, so they have enough staff to handle the operation of commercial flights
- The delivery trucks need to wait outside the warehouse for unloading for 3-4 hours
- No flight cancellations noted at the moment
- No weather disruptions
- Capacity is open
- Rates have slightly increased due to the aforementioned increase in e-commerce cargo
Shanghai to Los Angeles
- The volume of e-commerce cargo has been increasing this week, leading to an increase in market rates
- The operations staff are under a closed-loop management at PVG airport, so they have enough staff to handle the operation of commercial flights
- The delivery trucks need to wait outside the warehouse for unloading for 3-4 hours
- PO is planning to cancel the flights ex PVG to LAX as of next week
- No weather disruptions
- Capacity is open
- Rates have slightly increased due to the aforementioned increase in e-commerce cargo
Shanghai to Frankfurt
- Export volume to Europe has been increasing this week; we have seen a lot of electronic products and auto parts cargo
- The operations staff are under a closed-loop management at PVG airport, so they have enough staff to handle the operation of commercial flights
- The delivery trucks need to wait outside the warehouse for unloading for 3-4 hours
- No flight cancellations noted at the moment
- No weather disruptions
- Space is open. Various carriers have daily freighter flights ex Shanghai to Frankfurt.
- Current market rates are at a slightly increased level
Shanghai to Melbourne
- The export volume ex Shanghai to Melbourne is stable
- The operations staff are under a closed-loop management at PVG airport, so they have enough staff to handle the operation of commercial flights
- The delivery trucks need to wait outside the warehouse for unloading for 3-4 hours
- No flight cancellations noted at the moment
- No weather disruptions
-
The space is open for now. All the freighter flights ex China to Australia have been cancelled since the beginning of 2020.
- Market rates remain the same as last week
Shanghai to Sydney
- The export volume ex Shanghai to Melbourne is stable
- The operations staff are under a closed-loop management at PVG airport, so they have enough staff to handle the operation of commercial flights
- The delivery trucks need to wait outside the warehouse for unloading for 3-4 hours.
- No flight cancellations noted at the moment
- No weather disruptions
-
The space is open for now. All the freighter flights ex China to Australia have been cancelled since the beginning of 2020
- Market rates remain the same as last week
Market Intel
- Air Cargo Continues To Pull Back Amidst Declining Demand: According to FreightWaves, the International Air Transport Association (IATA) published data showing a 10.7% decrease in cargo demand in September, as compared to 2021. This percentage represents a declining YoY trend. In addition to weakening consumer demand, the conflict in Ukraine, labor shortages, and inflation have contributed to this decline in the air market.
- N. China: Demand is low to the U.S. while demand to EU destinations has dropped from last week. Charter flights in the market are getting canceled due to the weak demand and both TPEB and far East Westbound (FEWB) rates have decreased from the week prior.
- S. China:TPEB rates have decreased from last week due to low demand in the market, while FEWB rates remain the same. Some TPEB charters continue to be canceled while FEWB charters are being added in the market. Due to a Covid outbreak in the Guangzhou area, some manufacturing operations have been affected, resulting in cargo output delays.
Comments
0 comments
Please sign in to leave a comment.