While air freight rates from China have softened in the last week, we are seeing much bigger price drops across the Atlantic, with savings of up to 40% to and from some US cities offering a significant US/UK air freight opportunity.
Norman Global Logistics has highlighted how a crackdown on shoddy medical exports has led to surging air cargo costs and congestion in South China.
FedEx and UPS have announced price increases of 4.9% for US parcel traffic, as well as new and increased surcharges, combined with a lower weight threshold, which means significant cost increases for shippers.
In 2020, Chinese New Year (CNY) is early, 24-30th January, and will catch out more unwary shippers than usual. Our CNY shipping tips will safeguard you and your supply chain.
Shippers using Hong Kong International Airport (HKIA) could experience cost increases and delays, after the worldʼs busiest air cargo hub begins the phased introduction of X-ray screening of air freight shipments.
China is getting ready for Golden Week, a seven-day festival, for which the country goes into virtual shut-down. Factories close and forwarders, logistics providers and other supply chain participants also shut their doors as China and Hong Kong celebrate this holiday.