At the end of May, we at Quick Cargo Service would like to give you an overview of the current market situation in logistics, especially in logistics in Germany. In Germany, the so-called “federal emergency brake” applies, which regulates the organization of public life in Germany depending on the incidence. In general, the incidence is currently falling in Germany (just below 50 across Germany as of May 26, 2021) and vaccinations are progressing (as of May 25, 2021, 40% of people in Germany have received at least one dose of vaccination). We at Quick Cargo are confident that we are on the way to a “normal life” in Germany.
Shortage of goods in Germany
The Institute for the World Economy in Kiel is forecasting stagnation in imports and exports for the first time in months. There are signs of a break in the upward trend in trade flows that has been going on for months. The industrial economy continues to lose momentum, reports the IFO Institute. This could be attributed primarily to “increasing production interruptions as a result of longer delivery times.
Scarce cargo space in sea freight and air freight
The market situation in sea freight remains tense. On the routes between Europe and China, capacity utilization remains very high in both directions. Given the current global shipping movements, supply chains are not necessarily expected to ease any time soon. Added to this is the lack of empty containers. Contact us in good time for your sea freight inquiry!
Highest freight volume since 1990
For March 2021, IATA reported a record level of global freight volume since recording began in 1990. 24 billion freight tonne kilometers were reached. The airport association Association of German Commercial Airports (ADV) also reports an upward trend in air freight. Although “only” 4.6 million tons of freight were handled in Germany in 2020 (a decline of 4.6 percent compared to the previous year), according to the association, there was a positive turnaround in air freight volumes, which even led to lasting growth. This can be seen in the latest air freight traffic figures. For April, the ADV reported an increase of 36.6 percent to 458,553 tons (in + out) (compared to 2019, an increase of 16.5 percent). Invitations increased by 39.5 percent to 235,036 tons (an increase of 19.0 percent compared to 2019). Unloadings increased by 33.6 percent to 223,517 tons (an increase of 14.0 percent compared to 2019). The still reduced passenger flights and the resulting reduced belly capacities continue to lead to a shortage of cargo space and increased rates. Around 50 percent of air freight is normally loaded as additional cargo. The IATA is expecting a global increase in freight sales of 8.6 percent this year compared to the previous year.