DESPITE the approaching traditionally slower summer months, the bull market for air cargo, fuelled by strong North American e-commerce demand, shows no signs of waning after more than six months, reports New York's Journal of Commerce.
Forwarders and analysts predict that the momentum, which started late last year, will continue through the summer and potentially peak even more during the upcoming peak season.
This sustained growth is attributed to a modal shift from ocean to air, which aims to mitigate the effects of disruptions in container shipping, particularly in the Red Sea.
Additionally, a significant surge in volumes from Chinese e-commerce marketplaces further contributes to the buoyancy of the air cargo market.
'If e-commerce wasn't there, then we would have overcapacity, but e-commerce is just hoovering up all the available capacity in the market,' said Hellmann Worldwide Logistics COO Jan Kleine-Lasthues.
Said Dimerco Express vice president Kathy Liu: 'In addition, Temu has initiated sea-air routes via Taiwan, Japan, and Korea into the US, altering traditional trade patterns,'
'Consequently, freight rates from these alternative routes are now exceeding those from mainland China - an unusual occurrence.'
SeaNews Turkey
Forwarders and analysts predict that the momentum, which started late last year, will continue through the summer and potentially peak even more during the upcoming peak season.
This sustained growth is attributed to a modal shift from ocean to air, which aims to mitigate the effects of disruptions in container shipping, particularly in the Red Sea.
Additionally, a significant surge in volumes from Chinese e-commerce marketplaces further contributes to the buoyancy of the air cargo market.
'If e-commerce wasn't there, then we would have overcapacity, but e-commerce is just hoovering up all the available capacity in the market,' said Hellmann Worldwide Logistics COO Jan Kleine-Lasthues.
Said Dimerco Express vice president Kathy Liu: 'In addition, Temu has initiated sea-air routes via Taiwan, Japan, and Korea into the US, altering traditional trade patterns,'
'Consequently, freight rates from these alternative routes are now exceeding those from mainland China - an unusual occurrence.'
SeaNews Turkey
