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Freight Market Update: August 15, 2022

Transportation and logistics concept, managers and engineers check and control logistics network distribution and tablet data on highway background

Ocean freight market update

China – North America

  • Rate changes: The freight rate in general decreased in the first half of August
  • US West: The US West Coast International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) have reached a preliminary agreement on the terms of healthcare benefits, while other terms are still under negotiation. At present, the Long Beach Wharf in Los Angeles remains under normal operations.

Air freight/express market update

European destinations

  • New services available: As of Aug 9, 2022, Economy Parcels via YW (Electronics) can deliver to Italy, Germany, France, and the Netherlands.
  • Cargo types: General cargo, battery-operated products, liquid, powder, paste, cosmetics, painting pigment, dye powder, oral rinse, and ink (liquid products must be under 500ml per unit).
  • Estimated transit time: 11-16 work days. (The estimated transit time refers to the length of time from when a package leaves the warehouse at the origin to its successful delivery in the destination country.)
  • Recommendation: Economy Parcels via YW (Electronics) charge by the grams. The minimum weight is 50g, and the vol ratio is 8000. It is recommended for lightweight (low-density) shipments.
  • New services available: As of Aug 9, 2022, Economy Parcels via YW can deliver to Germany, France, and the Netherlands.
  • Cargo types: General cargo.
  • Estimated transit time: 11-16 work days. (The estimated transit time refers to the length of time from when a package leaves the warehouse at the origin to its successful delivery in the destination country.)
  • Recommendation:  Economy Parcels via YW charge by the grams. The minimum weight is 50g, and the vol ratio is 8000. This logistics service is recommended for small-size shipments that are sensitive to shipping costs but are not sensitive to the transit time.

African destinations

  • New services available: As of Aug 6, 2022, ARAMEX (Economy) can deliver to African countries (except Somalia, Libya, Mauritius, and Rwanda).
  • Cargo types: General cargo.
  • Estimated transit time: 8-13 work days. (The estimated transit time refers to the length of time from when a package leaves the warehouse at the origin to its successful delivery in the destination country.)
  • Recommendation: ARAMEX (Economy) is a logistics service operated based on a partnership between Alibaba.com Logistics and ARAMEX. ARAMEX (Economy) is recommended for Africa-bound shipments that are sensitive to shipping costs.

Disclaimer: All information and views in this post are provided for reference purposes only and do not constitute any investment or purchase advice. The information quoted in this report is from public market documents and may be subject to change. Alibaba.com makes no warranties or guarantees for the accuracy or integrity of the information above.

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