PSP Worldwide Logistics London Air Archives - Page 2 of 7

Market Review: October

Chinese port activity and export demand remain strong following Golden Week, influencing capacity across sea and air freight. In air cargo, demand from Asia-Pacific routes to Europe and North America remains robust, while overland transport in key regions continues to…

Air cargo market grapples with long-term capacity challenges

The air freight market is entering a critical phase of sustained constraints, driven by rising demand, limited aircraft availability, and evolving regulatory pressures. Short-term demand is bolstered by year-end inventory replenishment, with long-term challenges, including production delays and emissions regulations,…

Air freight capacity continues to tighten

Capacity growth is not keeping pace with a recent surge in eCommerce volumes and with signs that we may see the return of a traditional peak season this year, there could be a rush for space to the UK, Europe…

Market review; 25th April

The UK and Euro area economies moved back into expansion territory at the end of the first quarter, with manufacturing growing for a third successive month and new orders (PMI) accelerating to seven-month highs, with 2024 global GDP forecasts revised…

2024 off to a flyer for air freight

Concerns about Red Sea supply chain delays combined with the early Lunar New Year contributed to a 10% increase in air cargo volumes in January, putting pressure on rates on many routes, including from Asia into Europe and the US.…

Market review; 14th March

Heading into the post Lunar New Year slack period sea freight spot rates retained most of their recent gains and while Drewry’s World Container Index dropped slightly in March it remains 80% higher than 2023 and 130% more than average…

Hong Kong air freight spiking

The pre-Christmas spike in eCommerce volumes out of China means that demand for air cargo space has risen 5%, driving rates up 11% from Hong Kong and China to the US and 9% to the UK. Having anticipated no peak…

Freight market report – August 2023

While much has been made of the impact of the peak season from Asia on sea freight rates, arguably the line’s capacity management is a bigger driver, with rising rates to the US and attempts to recover revenue from Asia…