June 23, 2024

Sea and Air Freight Handling Times Decreased - Freight Forwarding, Air Freight Traffic & Statistics |  news |  Transportation

Sea and Air Freight Handling Times Decreased – Freight Forwarding, Air Freight Traffic & Statistics | news | Transportation

Ocean freight production times on both the TPEB (East Pacific Ocean) and FEWB (Far East Westbound) routes decreased in the week ending September 25 compared to the previous week. The TPEB time is 86 days, which is close to the past four-week average of 87 days. The FEWB timing remains at 95 days, the lowest since December 2020 – for the FEWB route, it’s still well below the 122-day April peak. In particular, the first phase of supply from the date cargo is ready to depart from the port of origin – often the first indicator of future bottlenecks – has declined further in the four weeks to 25 September thanks to improved handling times at Asian ports. This may indicate that the worst of the congestion period (late 2021) is over. However, it should be noted that the current values ​​reflect the situation before the start of the current peak season.

Air Freight Handling

After a brief recovery, air freight handling times on the TPEB route are down to their lowest since June 13, 2021: from about eleven to ten days. On the other hand, there was a slight increase on the FEWB route from 9 to 9.6 days (as of September 25), which is still the second lowest reading on this trade route since August 2021. But as importers enter the peak season, time is likely to increase once again.

More news

  • The four-week average shipping rates have fallen for the eleventh week in a row. They are currently moving to the July 2021 level
  • After two weeks of strikes in the port of Liverpool, the larger port of Felixstowe is now closed by organized union strikes from 27 September to 5 October. This may cause the FEWB average delay to increase.
  • In China, the ports of Ningbo and Shanghai reopened after being closed due to the typhoon, slightly easing the path of the FEWB. In view of the current Golden Week from October 1 to 7, the situation should be closely monitored
See also  Great Britain: The Cult Box Anniversary: ​​The Centenary of the Red Telephone Box - Entertainment

current economic figures

  • US retail sales rose 0.3% month-on-month in August in nominal terms. Most of the increase can be attributed to the automotive (+2.8%) and food (+0.5%) sectors. Sales in furniture and electronics stores, in turn, fell 0.8%, which means their fourth decline in a row. Non-commercial retail sales (mainly e-commerce) also fell 0.7%, the first decline since March 2022
  • In the UK, retail sales for August fell 1.6% in real terms, the ninth decline in the past 10 months. E-commerce is now down 5.3% from the previous year and 4.9% from the same period in 2019
  • Trade activity in the European Union increased 48% year-on-year in July, on the back of higher commodity prices. This is reflected in imports from Russia and the United States (both suppliers of natural gas), which increased by 130% and 91%, respectively. It is worth noting that exports are 6% lower than the same period in 2019, including lower shipments to the UK and the US
  • Exports from China to the European Union by rail rose 19% year-on-year to a record 1,585 trips – despite disruptions to routes through Russia due to the conflict in Ukraine.