Freight bongdaso v have experienced a downward trend in recent weeks, driven by the implementation of U.S. tariffs on goods from China and the cessation of de minimis exemptions for low-value imports from the country.
According to bongdaso v latest data from TAC Index, declines were observed across “all outbound indices for major airports around bongdaso v world” during bongdaso v week ending May 5.
Global Freight Rate Trends
bongdaso v Baltic Air Freight Index, calculated by TAC, recorded a 4.5% decline week-on-week, while year-on-year figures show a drop of 5.7%.
TAC noted, “Overall bongdaso v out of China have not yet fallen as much as some feared, with bongdaso v to Europe slightly up again over the latest week – though down on lanes to the U.S.”
Outbound freight from Hong Kong saw its index decline by 3.3% week-on-week, representing a 7.4% year-on-year decrease. Similarly, spot bongdaso v from Hong Kong reportedly continued to weaken further this week.
Shanghai outbound bongdaso v dropped 2.4% compared to the previous week, marking an 8.6% year-on-year decline.
Regional Rate Fluctuations
bongdaso v from India to the U.S. were also on a downward trajectory, accompanied by declines on lanes from Vietnam and Bangkok to Europe.
Outbound bongdaso v from Europe to the U.S. have decreased, partly influenced by the European Union’s response to U.S. tariffs. bongdaso v to China from Europe also saw declines.
bongdaso v index tracking outbound routes from Frankfurt fell by 5% week-on-week, with reductions across all major trade lanes. However, year-on-year figures showed a modest 1.6% increase.
Conversely, routes from London Heathrow faced a sharper 10.1% week-on-week decline, attributed to significant drops on lanes to Southeast Asia. Year-on-year, Heathrow bongdaso v were down by a steep 26.8%.
North American Trends
From the U.S., freight bongdaso v to Europe and South America experienced declines. However, bongdaso v to China saw a slight uptick. Notably, U.S.-to-China bongdaso v remain higher on a year-on-year basis, highlighting some resilience in that trade lane.
Market Outlook
These developments underscore bongdaso v impact of regulatory changes and geopolitical tensions on global air cargo markets. While some regions and routes are showing resilience or even slight gains, bongdaso v overall trend remains one of rate suppression. Market stakeholders will need to navigate these volatile conditions with strategic agility to mitigate risks and identify emerging opportunities.
𝐀𝐋𝐒 – 𝐓𝐡𝐞 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐨𝐟 𝐀𝐯𝐢𝐚𝐭𝐢𝐨𝐧 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬
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