Increased charger and charging confidence in the most stable global air freight market has led to a higher commitment to long -term shipping contracts in September, as it has pushed a decrease in capacity and traditional monthly season Xneta.
XEENETA says that the number of trucks who adhere to flying contracts from 6 months in the third quarter of 2023 has increased to 34 % of 28 % in the previous three months, says XENETA, as the industry corresponds to a new basic line for the public air freight market.
“This is not a season of climax, it is a sign that airlines and preparing shipping and trucks find a more common floor to enter long -term agreements. We have already referred to the absence of total currents and the market to support the expectation of the peak season, and this is the case. We also said if there is a rise in prices We expect this to be mainly driven by the offer, and this is still true. The long -term contracts are signed and this happens only when people feel more comfortable and the expected future. Zenita, there is a more stable floor.
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The price of the international public laboratory space +2 % month increased to $ 2.23 per kilogram in September, with special growth accelerated at the end of the month. This upward trend continued in the week ending on October 1, 2023, with the average global air charging space price +10 % of three weeks increased.
The air freight sizes in September were equal with the same period last year, but the capacity of global air freight, on the other hand, has grown in the slowest pace in the past 11 months. It increased by +5 % from last year, but was slightly modified compared to a month before the ability of the passenger belly gradually reduced outside the market as the summer cools in the northern hemisphere.
As the demand for capacity and supply continued to balance, the global dynamic loading factor, which measures the loading of goods based on the size and weight perspectives in both the shipping shipments and the available capacity, to 58 % in September, increased 2 % by one month. However, the loading factor remained less than last year by 2 %.
Looking at the regional corridors in September, Air Cargo Spot rates turn on most commercial corridors to the north in September. With the rush of goods from China before the Golden Week holiday as of October 1, the price of Chinese space to Europe grew by 11 % from one month to $ 3.19 per kilogram in September. Likewise, the Chinese immediate rate to the United States increased by 9 % to $ 3.63 per kilogram per month.
Residence in the region, Southeast Asia to Europe and the prices of American sites dramatically by +22 % month for a month (to $ 2.29 per kilogram) and +16 % (to $ 3.14 per kg), respectively. Inside the region, Vietnam has formed interest rates to Europe and the United States, +54 % and +32 % to $ 3.00 per kilogram and $ 3.70 per kilogram, respectively. These high growth rates are partially due to the increase in low base rates, and on these deals, where the rates of air copper are returned to the levels of prenatal births that were seen earlier this year.
On the other hand, the market continued to decline. The price of the air point fell to 1.73 USD per kilogram in September, a 3 % decrease from one month.
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The performance of advanced economies remained weak in September. In the United States, the FBI’s favorite inflation index, and basic personal consumption expenses (PCE) (except for food and energy), rose, only 0.1 % in August, the smallest growth since November 2020. A higher sign has increased to +3.5 % on an annual basis In August, which is due to wage growth, reversal from enlarged goods, and increasing crude oil prices. It is shined that the American economy is still feverish.
The annual inflation rate in Europe decreased to 5.2 % in August, with the expected September ratio to 4.3 %. The reading of the European Procurement Manager in September 43.4 continued to refer to the activities of the remaining European region to shrink.
“The global air freight market is still silent and is now a global level now for a period Similarly, in October with a lower flight, but in my conversations with the trucks and the devils and airlines, I still hear a great hope in the growth of the demand before Q3 2024 and to happen, we still need to see the confidence of the most powerful consumer and economic activity.
