The air cargo market has got many peculiar features. It will surprise by numerous things from relationships with agents to the unexpected behavior of the airlines, which is quite often. Nevertheless, TELS has been developing successfully in this market demonstrating unique qualities at times and taking a leading part in solving numerous issues.
According to the International Air Transport Association (IATA), the demand for air cargo services increased by 12% in April 2021 compared to the values in April 2019.
Summer has always been characterized by a seasonal decline in transportation rates in the market. Forwarding companies take this factor into account when preparing annual contracts with their customers.
The major characteristic of LCL transportation market between Russia and the European Union is that there is a wide range of services for transporting groupage cargo from the EU to the Russian Federation by heavy trucks and small consignments from Russia transported by LCV.
The rates for container shipments between Asia and Europe by railway have dopped below the shipping costs by sea.
The shortage of carrying capacity in the air cargo market is currently around 30% despite the higher level of cargo turnover against the pre-pandemic period.
In January – February 2021, 109.3 thousand TEU were transported via Russian railways from China to Europe and back, which is 2.5 times more against the same period of the previous year.
The press service of Rostec State Corporation, Russia, reports their plans to equip railway entry points at the border between Russia and China with customs inspection complexes (CIC) by December 31, 2021, which will allow to check freights automatically without stopping the train.
The massive growth in government spending has resulted in a sharp increase in global debt. Trying to maintain the economy ruined by the coronavirus pandemic, the central banks made an unprecedented cut in interest rates in 2020.
Several cargo ships have lost a large number of containers in recent months in different incidents, reports the Wall Street Journal.
In 2020, the market of transportation and logistics differed greatly from the previous periods. The experience of a logistics operator acting in conditions of economic and political recession gained before was applied only partially last year – the major factor influencing the entire world economy was the COVID-19 pandemic.