US CBP sees 90% fall in revenue last month; airfreight sees ecomm slide
February may have been the month in which the US suspended its de minimis exemption ...
Dreamstime
By Alex Lennane
The numbers currently being bandied about are big ones: some $25,000 for an hour’s 747 charter; rates of $20 per kg offered to airlines for China-US.
Even volumes going the other way are on the rise. Chicago to South-east Asia has increased 20% in a week, according to TAC Index’s latest data, while Frankfurt to Shanghai is up near-40% in just a week. Inventory levels remain low.
Add to that other key factors: shipping line schedule reliability is at an all-time low; ...
Comment on this article
Pichuiyer Balasubramanian
October 01, 2021 at 4:07 pmYou are extremely optimistic, I feel. Human beings are aware of only greed – not reasonable profits. Cannibalism in the short run – least bothered about long run and sustainability – and hide under the term ‘market dynamics’. And of course, many of our colleagues never forget to use the choicest respectable words such as ‘co-operation, partnership, win-win situation, collaboration’ when giving interviews or writing articles in the industry magazines…. but keep doing the opposite in reality. Long live air cargo industry.
Alex Lennane
October 01, 2021 at 4:11 pmBala! That made me smile – and feel depressed! But yes, I am optimistic, and I hope they profit AND serve their customers well. Both really should be possible.