Air cargo rates gain on US port congestion

 


Air freight rates continued to climb through November on the back of strong peak season demand and conversions from ocean freight as a result of US supply chain bottlenecks.
Drewry’s East-West Air Freight Price Index rose a further 5.3 points in November to reach an all-time peak of 120.8 points, exceeding the record high of 117.4 achieved in November 2013 by a comfortable margin of 3.4 points.
The UK-based consultancy expects air freight pricing to recede in the near term, as the peak season concludes and lower jet fuel costs start to feed into reduced fuel surcharges.

Source : http://www.aircargonews.net/news/single-view/news/air-cargo-rates-gain-on-us-port-congestion.html

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UTi charters B747F to ease US port congestion

US dockside port congestion has prompted UTi Worldwide charter a weekly B747F from Shanghai to Chicago.
The global supply chain services and solutions company says that the scheduled service is intended to ease the backlog of goods needed in North America.
"Congestion at west coast US ports has reached a critical level and we think it will get worse before we see any improvements," said Ed Feitzinger, UTi's executive vice president, global operations
Feitzinger added: "Airfreight demand has spiked in recent weeks to levels not seen in years. In order to provide relief to North American importers during these extraordinary times, we are offering dedicated premium lift service to the US Midwest."
The first charter is scheduled to depart Shanghai on November 24, with a second charter scheduled for December 1. The flights will arrive in Chicago's O'Hare International Airport and UTi can arrange on-forwarding to other destinations.
"Our charter service offers shippers an alternative to having their freight sit on a dock and miss this important selling season or be forced to shut down a factory for want of parts," Feitzinger added.

Source : http://www.aircargonews.net/news/single-view/news/uti-charters-b747f-to-ease-us-port-congestion.html

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