SHIPPERS should explore alternative routes and services, such as sea-air options that offer flexibility in timing and cost, says Mumbai's Stat Trade Times.
Because that is what Flexport air cargo chief Thomas Kempf advises in these disruptive strike-prone times.
'We are seeing the air freight market take off as we enter Q4, with demand picking up significantly,' he said, pointing to rising rates, particularly from the Asia-Pacific region, which is expected to continue climbing as peak season intensifies.
Mr Kempf was speaking at a webinar organised by Flexport on September 24 on the state ocean and air freight market. 'We can see the rates increasing, not just year on year, but also on a two-week on two-week (2Wo2W) trend by two per cent,' he said.
He also noted the Asia Pacific, South Asia and Middle East regions pushing it further.
'The freight rate increase is largely attributable to the Asia Pacific region, but also the Middle East and South Asia. These are the two major regions that drive this development of the rates, and they continue to do so, and are expected to do so in the remainder of Q4,' he said.
Talking about the freight rate expectations for Q4, he noted that China to US lane may see more. 'The current demand versus supply situation from China to the US is not favorable. There's more demand than supply, compounded by the e-commerce trend.
'Consequently, we can expect rates to remain high. We have already seen slight increases in what is already a very tight market,' he said.
SeaNews Turkey
Because that is what Flexport air cargo chief Thomas Kempf advises in these disruptive strike-prone times.
'We are seeing the air freight market take off as we enter Q4, with demand picking up significantly,' he said, pointing to rising rates, particularly from the Asia-Pacific region, which is expected to continue climbing as peak season intensifies.
Mr Kempf was speaking at a webinar organised by Flexport on September 24 on the state ocean and air freight market. 'We can see the rates increasing, not just year on year, but also on a two-week on two-week (2Wo2W) trend by two per cent,' he said.
He also noted the Asia Pacific, South Asia and Middle East regions pushing it further.
'The freight rate increase is largely attributable to the Asia Pacific region, but also the Middle East and South Asia. These are the two major regions that drive this development of the rates, and they continue to do so, and are expected to do so in the remainder of Q4,' he said.
Talking about the freight rate expectations for Q4, he noted that China to US lane may see more. 'The current demand versus supply situation from China to the US is not favorable. There's more demand than supply, compounded by the e-commerce trend.
'Consequently, we can expect rates to remain high. We have already seen slight increases in what is already a very tight market,' he said.
SeaNews Turkey
