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Evidence of air cargo market uptick in from TAC Index, Flexport
来源：shippingazette 编辑：编辑部 发布：2023/03/20 09:53:21
MORE evidence has emerged suggesting that there may be a slight improvement in the air freight market led by the ramping up of production in China, reports London's Air Cargo News.
In its latest weekly market report, data provider TAC Index pointed out that the overall Baltic Air Freight Index covering prices by forwarders rose 3.5 per cent in the week to March 6.
"After a prolonged period when spot prices had been falling and contracts getting renegotiated at lower levels, sources suggest the market may finally be close to reaching a bottom, with China reopening and the busy summer season coming soon," TAC said.
The data provider had previously noted reports of spot rate and volume increases as production in China slowly ramps up again.
Elsewhere, freight forwarder Flexport also noted improvements in demand. The forwarder said that transpacific eastbound demand from north China was continuing to increase leading to tight capacity situations.
"The main contributing factor is an increase in e-commerce demand. As a result, rates have increased this week," Flexport said.
The company said that from south China supply is tight with demand increasing in the market, resulting in rates increasing from the week before.
On the other hand, demand out of Taiwan, Korea and Southeast Asia remained soft. From the Americas, demand remained steady while from Europe demand has increased with fluctuations in rates.
In its latest weekly market report, data provider TAC Index pointed out that the overall Baltic Air Freight Index covering prices by forwarders rose 3.5 per cent in the week to March 6.
"After a prolonged period when spot prices had been falling and contracts getting renegotiated at lower levels, sources suggest the market may finally be close to reaching a bottom, with China reopening and the busy summer season coming soon," TAC said.
The data provider had previously noted reports of spot rate and volume increases as production in China slowly ramps up again.
Elsewhere, freight forwarder Flexport also noted improvements in demand. The forwarder said that transpacific eastbound demand from north China was continuing to increase leading to tight capacity situations.
"The main contributing factor is an increase in e-commerce demand. As a result, rates have increased this week," Flexport said.
The company said that from south China supply is tight with demand increasing in the market, resulting in rates increasing from the week before.
On the other hand, demand out of Taiwan, Korea and Southeast Asia remained soft. From the Americas, demand remained steady while from Europe demand has increased with fluctuations in rates.