DHL Global Forwarding announced that it is launching freight capacity initiatives in response to trade growth. These include securing sufficient long term capacity on some of the world’s busiest trade lanes such as, to and from Asia Pacific, where carrier rates are climbing as a result of shortfalls in freight capacity.
Roger Crook, Chief Executive Officer DHL Global Forwarding Freight said, “As global trade picks up – fuelled by spiking demands in technology – DHL is seeing customer volumes increase on many trade lanes, especially in Asia Pacific. In this scenario, where capacity is tightening and demand is rising, upward pressure on prices is virtually unavoidable. DHL’s capacity programme is targeted to meet customers’ crucial shipping needs across all industry sectors against the backdrop of rising demand.”
According to DHL, in Asia Pacific air freight carriers are registering a 7.1% rise in FTKs in July 2014 compared to 2013. In China, market demand is picking up, yet the capacity supply remains tight. HSBC’s Manufacturing PMI shows that this sector in China, India, Korea and Taiwan expanded in August, with Taiwan signalling the strongest improvement since April 2011.
“The US economy seems to have rebounded after a slow start into the year that was caused in part by extreme weather conditions. Consequently, we are witnessing rising demand especially from customers in the manufacturing sector,” commented Mathieu Floreani, Chief Executive Officer Americas, DHL Global Forwarding.
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