ASIA PACIFIC BATTLING PEAK SEASON AIR CARGO CAPACITY CRUNCH AND RISING RATES

2021-11-08

Ocean freight chaos and strong peak season demand has created a region-wide capacity crunch and rapid rate rises for Asia Pacific air cargo.
According to the Association of Asia Pacific Airlines (AAPA), there was a 26% year-on-year increase in air cargo demand last month, measured in freight ton km, with volumes ?propelled by expansion in e-commerce and demand for intermediate goods.

Furthermore, AAPA said, congestion problems at Chinese seaports had also driven demand for airfreight, but limited belly hold space. International travel markets in Asia have been in stasis, whilst gradual recovery has resumed in other regions. Meanwhile, airfreight demand continues to drive the region?s airline operations. While the staffing problems at Chinese airports have persisted for several weeks, most notably at Shanghai Pudong, high demand for airfreight is also creating capacity constraints in other key exporting countries.

Via: The Load Star
ASIA PACIFIC BATTLING PEAK SEASON AIR CARGO CAPACITY CRUNCH AND RISING RATES