News #83 - Global disruptions, e-commerce drive September bongdaso con

Extreme weather and labor unrest are putting shippers and forwarders to bongdaso con test, making October a ‘whole new ballgame,’ said Xeneta’s Niall van de Wouw.

Dive Brief:

• Air bongdaso con demand was up 9% year over year in September, sustained by modal shifts in container shipping disruptions, typhoons, ongoing e-commerce demand and a bongdaso con surge ahead of China’s Golden Week holidays, according to an Oct. 2 report from Xeneta.
• But October may be a “whole new ball game” as supply chains are expected to take four to six weeks to recover from the shortlived, 3-day strike at U.S. ports, leading into November which is the busiest month for bongdaso con, said Chief Airfreight Officer Niall van de Wouw.
• In October, rates could quickly rise on some trade lanes because of the “fear-of-missing-out (FOMO) effect as air bongdaso con capacity leaves the market for the winter,” van de Wouw said. Conflict is escalating in the Middle East, potentially bringing further Red Sea disruption for ocean freight, he added.

September air freight by bongdaso con numbers

• 9%

YoY percentage increase in global air bongdaso con demand

• .71

bongdaso con average spot rate per kilogram, up 26% YoY

• 20%

The expected reduction in bongdaso con capacity across the Atlantic this winter

• 60%

The global dynamic load factor, which measures the volume and weight of bongdaso con flown, as well as available capacity

• -37%

bongdaso con YoY decline in U.S. Gulf Coast Kerosene-Type jet fuel prices

Global events are putting 2024’s air bongdaso con peak season preparation to the test, said van de Wuow. But despite market volatility, companies are more prepared this year to handle peak season uncertainty, van de Wouw explained.

“There are now more precise agreements in place on how to navigate bongdaso con storm bongdaso con market is likely entering,” he said. “There are agreements around rates, surcharges, and bongdaso con timeframes in which they can be applied, but there’s going to be a fine balancing act between maintaining relationships and being tempted by bongdaso con short-term benefits these market conditions are creating.”

But 2025’s macroeconomic outlook isn’t great, he said, which may prompt carriers to capitalize on opportunities to increase rates. He added that there are signals that peak surcharges are already being accepted by forwarders and shippers.

In September, spot rates from Asia to North America “topped bongdaso con chart in September,” according to Xeneta, surpassing other global corridors by more than per kilogram. Meanwhile, bongdaso con rates on bongdaso con Europe to North America tradeline were roughly bongdaso con same month over month, but may spike if bongdaso con U.S. East and Gulf Coasts and Canada port strikes are not resolved.

With signed contracts there’s less room for bongdaso con temptation of large rate increases during a hot peak season, said van de Wouw. “But we do see a piece of bongdaso con market where you’ve got to ‘pay to play’ and that could become a potential ‘wild west.’ Shippers or forwarders may end up there due to unforeseen demand and it could be an expensive game,” he said.

Source: https://www.supplychaindive.com/news/september-air-bongdaso con-volumes-xeneta-niall-van-de-wouw-port-strike/729911/

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