The transatlantic westbound Air freight services route (TAWB) remained stable compared to the previous week. There has been no significant increase in demand for shipping from European hubs. Prices sent to the east and west coasts and central hubs of the United States rose slightly. Since demand has not experienced a shock/increase, the decline in passenger capacity may be the reason for the slight increase in prices. As a temporary measure, airlines with flexible adjustment capabilities may change to "pure cargo" passenger flights, and prices are expected to remain stable until the end of September.
European carriers are still providing transportation services from Asia via European hubs (Amsterdam International Airport (AMS)/Frankfurt International Airport (FRA)/Paris Charles De Gaulle Airport (CDG)) to the east coast of the United States, as an alternative to deal with trans-Pacific routes high demand. However, the Far East and West Nordic Routes (FEWB) are therefore under some pressure.
Cargo transportation on the Far East route is still being disrupted, and airlines have reduced the capacity of this route, and bookings may be changed after urgent notice. In addition, due to a typhoon near Shanghai Pudong Airport, some airlines suspended inbound flights to Pudong Airport. There are still delays in the secondary airport of Pudong Airport.
The U.S. ground handling time is still facing an average extension of 2 days. The problem has continued since August, and sufficient time reserved and the use of secondary airports can alleviate this problem.
For all routes sent from Europe, we continue to suggest: book at least 7 days in advance before the goods are ready to get the ideal price and route plan.
U.S. export demand is still very stable, and the export capacity of U.S. airports faces partial constraints, but it is still controllable. It may take 2 to 4 days from booking to take-off for large quantities of cargo sent from all export hubs in the United States to major destinations in Europe and Asia.
Due to the emergence of more new crown cases, Shanghai Pudong Airport is still operating at low throughput. More than 30% of flights are cancelled. The current situation in Shanghai further limits the capacity of other Asian air transport hubs (Hong Kong International Airport (HKG)/Incheon International Airport (ICN)/Taiwan Taoyuan International Airport (TPE)/Narita International Airport (NRT)). The price is rising.
Shipping capacity to Australia is limited. Due to the country’s restrictions on the number of passengers, many carriers have reduced the number of weekly flights.
The capacity to central Europe (Amsterdam International Airport (AMS)/Paris Charles de Gaulle Airport (CDG)/Frankfurt International Airport (FRA)) is restricted but the level is controllable.
The level of shipping space to India is controllable, but the shipping space to Nepal, Bangladesh and Indonesia is still very tight, because of the severe epidemic in these areas, a large amount of relief supplies are waiting to be delivered.
Los Angeles Air Freight Services International Airport (LAX)/Chicago O’Hare International Airport (ORD)/New York Kennedy Airport (JFK) still faces a large backlog. It will also affect the throughput on the export side. Since all exported U.S. air cargo is subject to inspection, the backlog of cargo waiting for ground handling is still very serious. Many companies have implemented new, longer delivery times for export goods to allow for buffer time.
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