March 8th in 3PL by .

Chrismas and Chinese New Year Holiday Effects

The freight activity in 2012 has been disapointing, due to December holidays, followed by Chinese New Year. So far 14% decline in airfreight was reported by the Association of Asia Pacific Airlines for the month of January.

Meanwhile there is no wow factor when it comes to sea shipments, eventhough it appeared to be mixed result. The port of Singapore reported a 5.23% increase whereas the port of Hong Kong reported an almost 6% decline in cargo. 

As far Europe, it still suffere from recession …

The freight activity in 2012 has been disapointing, due to December holidays, followed by Chinese New Year. So far 14% decline in airfreight was reported by the Association of Asia Pacific Airlines for the month of January.

Meanwhile there is no wow factor when it comes to sea shipments, eventhough it appeared to be mixed result. The port of Singapore reported a 5.23% increase whereas the port of Hong Kong reported an almost 6% decline in cargo. 

As far Europe, it still suffere from recession due to debt problem and increasing unemployment.This has resulted in capacity cutsas well as rate increases along the Asia-Europe tradelane. Carriers such as Hanjin and Mediterranean Shipping have followed suit in rate increases.

In the US, manufactring activity expands, unemployement continues to decline and consumer confidence improves. Still no good news from airfreight, seaport activity in January increased over 6%. Although January and Feruary was not promising due to various factor, however, March looks brighter as US manufacturing continues to expand and improving Asian manufactring picks up.

 

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