This week, we witnessed a significant rate jump, primarily driven by an increase in e-commerce volume facilitated by platforms such as TEMU and SHEIN. Additionally, project shipments have also contributed to this surge in rates.
Let's take a closer look at the rate changes and projections for different market segments:
1. CN-ORD: The weekend booked volume continues to rise, leading to an increase in air freight rates. We have observed a substantial number of volumetric pallet shipments, particularly related to automotive parts.
2. CN-LAX: TESLA has captured most of the available airline capacity for this week. Only limited space remains for small volumetric shipments and high-density shipments over the weekend. As a result, rates for this period are at a high level.
3. CN-DFW: Due to ongoing project shipments, space is extremely limited, and we anticipate that rates for next week will continue to rise.
4. CN-ATL: Air connecting solutions like CI and BR (PVG-TPE-ATL) have very few spaces left this week, resulting in an increase in rates.
5. CN-SEA/SFO: Air connection solutions like JL (PVG-NRT/HND-SEA/SFO) have available space for the first leg (PVG-NRT/HND). However, the second leg has become highly constrained, leading to a significant increase in rates since this Friday.
6. CN-JFK: The weekend booked volume remains high, and rates are projected to rise again. Airlines may show preference for small bulk shipments, as they are in demand in the market.
Furthermore, CN-Mexico is currently experiencing a space shortage due to the large volume of automotive parts and molds being transported, causing rates to rise. E-commerce platforms like TEMU and SHEIN have also been utilizing a significant portion of the available airline capacity.
We hope this analysis provides you with valuable insights into the current market conditions. If you require any further information or assistance, please feel free to reach out to us.
Editor: Anna
Branch Manager of Maxwin Logistics Limited
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