Fluctuations in freight rates:
The Shanghai Container Freight Index (SCFI) for Q2 2024 decreased by 18% compared to the previous quarter, and freight forwarding companies have launched a hybrid model of long-term contract prices and dynamic surcharges
The ongoing impact of the Red Sea crisis:
The proportion of European routes circumnavigating the Cape of Good Hope reaches 65%, with an average travel time extension of 12-15 days
Top freight forwarders (such as DHL Global Forwarding) establish an emergency air freight reserve space system
Regional trade agreements generate new opportunities:
RCEP fully takes effect: cargo volume on China Japan South Korea ASEAN routes increases by 23% year-on-year, driving demand for specialized temperature controlled logistics
African Continental Free Trade Zone: Kuehne+Nagel establishes regional transit center in Lagos, Nigeria