WIDEBODY freighter capacity operating on the transpacific trade lane has continued to recover recently but still lags behind the levels reported a year ago.
Recent statistics from consultant and data provider Rotate show that widebody freighter capacity operating between Asia Pacific and North America has increased 18 per cent compared with the same period last week - the equivalent of 10 widebody freighter flights.
Last week, carriers had been rapidly pulling capacity out of the market as demand declined due to the US ending of the de minimis exemption for e-commerce parcels from China. This followed on from the implementation of 145 per cent tariffs on all other imports in April.
At one point early last week, transpacific freighter capacity was down by 40 freighter flights per day compared with the April average, which represents a decline of 4,000 tonnes per day or 40 per cent of previously operated capacity.
Following recent talks between the US and China, the tariff to be paid for de minimis shipments transported through postal networks - mostly e-commerce parcels - will be reduced to 54 per cent (or a flat fee of US$100) from the previous level of 120 per cent. Other non-postal e-commerce de minimis shipments will be subject to the 30 per cent rate.
Meanwhile, the US reduced its overall tariff rate from 145 per cent to 30 per cent, and China reduced its rate to 10 per cent.
Since then, capacity on the Asia Pacific-North American trade lane has been recovering, although it still lags behind last year, according to London's Air Cargo News.
SeaNews Turkey
Recent statistics from consultant and data provider Rotate show that widebody freighter capacity operating between Asia Pacific and North America has increased 18 per cent compared with the same period last week - the equivalent of 10 widebody freighter flights.
Last week, carriers had been rapidly pulling capacity out of the market as demand declined due to the US ending of the de minimis exemption for e-commerce parcels from China. This followed on from the implementation of 145 per cent tariffs on all other imports in April.
At one point early last week, transpacific freighter capacity was down by 40 freighter flights per day compared with the April average, which represents a decline of 4,000 tonnes per day or 40 per cent of previously operated capacity.
Following recent talks between the US and China, the tariff to be paid for de minimis shipments transported through postal networks - mostly e-commerce parcels - will be reduced to 54 per cent (or a flat fee of US$100) from the previous level of 120 per cent. Other non-postal e-commerce de minimis shipments will be subject to the 30 per cent rate.
Meanwhile, the US reduced its overall tariff rate from 145 per cent to 30 per cent, and China reduced its rate to 10 per cent.
Since then, capacity on the Asia Pacific-North American trade lane has been recovering, although it still lags behind last year, according to London's Air Cargo News.
SeaNews Turkey
