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Freight Market Update: July 30, 2022

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Air freight market update

Southeast Asian destinations

  • New services available: As of July 11, 2022, Beauty Express (Premium) can deliver to 6 more Southeast Asian countries, including Malaysia, Thailand, Vietnam, Cambodia, and South Korea.
  • Cargo types: Primarily beauty and personal care products. For example, makeup items such as lipsticks, beauty facial masks, nail polish, and liquid eyeliners. Personal care items such as soap, body lotion, and shower gel. Liquid or powder, such as ink, toner, and dyestuffs.
  • Estimated transit time: 5-9 work days. (The estimated transit time refers to the length of time from when a package leaves the warehouse at origin to its successful delivery at the destination country.)
  • Recommendation: Domestic deliver-to-door services in the destination country are provided by FedEx International Priority. As a reputable logistics provider, it is recommended for buyers sourcing ready-to-ship products in the Beauty & Personal Care category.

South American & African destinations

  • New services available: As of July 12, 2022, EMS via JY (Economy) can deliver to Argentina, Peru, and South Africa.
  • Cargo types: General cargo, foodstuffs, and FDA-regulated products. 
  • Estimated transit time: 20-30 work days. The estimated transit time refers to the length of time from when a package leaves the warehouse at origin to its successful delivery at the destination country.
  • Recommendation: Domestic deliver-to-door services in the destination country are provided by Fedex- IP. As a reputable logistics provider, it is recommended for buyers sourcing ready-to-ship products on Alibaba.com.

US and European destinations

  • Rate changes: From June 1, 2022 to September 30, 2022, several logistics providers have lowered the rates for shipping to US and European countries. These providers include UPS Saver (Premium), HKUPS Saver (Premium), UPS Expedited (Standard), and HK UPS Expedited (Standard).
  • Cargo types: General cargo supported by UPS Saver (Premium) and UPS Expedited (Standard). General cargo and battery-operated products supported by HKUPS Saver (Premium) and HK UPS Expedited (Standard).
  • Estimated transit time: 20-30 work days. The estimated transit time refers to the length of time from when a package leaves the warehouse at origin to its successful delivery at the destination country.
  • Recommendation: All the services are provided by UPS, which can deliver with a short transit time and more certainty. Cargo can be shipped from China to most countries and regions worldwide. UPS Saver is recommended for shipments sensitive to transit times.

Ocean freight market update

China – North America / Europe

  • Rate changes: The overall market freight rate decreased in the second half of July. 
  • Incidents and aftermaths: The strike staged by truck drivers in Los Angeles in response to the passing of the AB5 act has seriously impacted the port operations in the US. The container pick-up and return time to the three major ports in the west of the US (Los Angeles, long beach, Oakland) will be affected. The terminal truck service price will rise, and the container turnover time in the west of the US will be affected. 

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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