Observing the “two sessions” in China, a crucial event on the political calendar, is never dull for China watchers. This year, the urgency to spearhead technological development and safeguard against economic headwinds was evident. With Xi Jinping embarking on a norm-breaking third term as leader of the world’s second-largest economy, the focus of the new […]
Read MoreAccording to aviation groups, China’s efforts to restructure its economy will increase demand for trade, which is expected to spill over into the air cargo markets by the end of this year. During a recent webinar, Glyn Hughes, Director General of The International Air Cargo Association (TIACA), stated that “once we can overcome the current […]
Read MoreChina Feb services activity jumps sharply as demand recovers- Caixin PMI BEIJING, March 3 (Reuters) Activity in China’s services sector expanded at the fastest pace in six months in February as the removal of tough COVID-19 restrictions revived customer demand, driving a solid increase in employment, a private sector survey showed on Friday. The […]
Read MoreThe latest market analysis from CLIVE Data Services reveals that air cargo capacity has exceeded pre-pandemic levels for the first time in four years. In February, global air cargo capacity increased by 11% compared to the same period last year. However, global air cargo volumes fell by 4% YoY and rates remained stable. This […]
Read MoreConcerns are rising among West Coast ports as negotiations resume between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA). The slow pace of contract talks is negatively impacting import and export shipping business. January container volume numbers show a significant year-over-year drop at the ports of Los Angeles and Long Beach, […]
Read MoreMost of the weakness in the broader economy occurred in the first half of 2022, when real GDP declined at annual rates of 1.6% and 0.6% in the first and second quarters, respectively. Real GDP growth then accelerated over the second half of the year, averaging 3%. Thus, the economy entered 2023 with a healthy […]
Read MoreChina’s major ports are facing a growing stack of empty containers, leading to the relocation of surplus boxes to secondary ports to create more space. Container xChange’s Container Availability index (CAx) shows that Shanghai, Ningbo, Tianjin, and Shenzhen ports have recorded a surplus of containers above 0.6 for 11 consecutive weeks as of February 5, […]
Read MoreThe January inflation rate was slightly higher than expected, with the government reporting a 0.5% increase compared to economists’ expectation of a 0.4% increase. In the past year, inflation has risen by 6.4%, which is 0.2% higher than expected. The core rate, which excludes food and energy prices, rose by 0.4% in January, which […]
Read MoreGlobal Ocean carriers reached the top of the bullish market in 2022 by realizing high profits largely due to tight capacity and exceptionally high container rates. In fact, analysts at Blue Alpha Capital project that the world’s biggest container lines are on course to post profits in 2022 that will top 2021’s record by 73%. However, […]
Read More2022 saw many disruptive events impact the global freight market, and we’re bound to witness some spillover from last year on air rates and volumes in 2023. In January and February last year, air freight volume was sky-high, seeing an accumulative 4% year-on-year growth compared to 2021. But this growth dropped from mid-April 2022. […]
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