- Carrier rates climb as global exports and freight volumes rise
- DHL Global Forwarding secures freight capacities to ensure reliable service for customers
- Increase in demand leads the way for Asia Pacific trade recovery
BRAMPTON, ON, Oct. 9, 2014 /CNW/ - DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL, is responding to global trade growth with freight capacity initiatives designed to support customers in a challenging market environment. 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, CEO DHL Global Forwarding, Freight said, "As global trade picks up – fueled 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 program is targeted to meet customers' crucial shipping needs across all industry sectors against the backdrop of rising demand."
Recent data shows that global exports are on the increase. According to IHS, exports are up 4.4 percent in the third quarter of 2014 compared to 20131. Asia Pacific is showing the most marked trade improvement compared to other regions. Trade activity among Asia's emerging markets rebounded from low growth in the first quarter of 2014 and has been on an upward trend ever since.
In Asia Pacific, air freight carriers are registering a 7.1 percent rise in Freight-Tonne-Kilometer (FTK) in July 2014 compared to 2013. In China, market demand is picking up, yet the capacity supply remains tight. HSBC's Manufacturing PMI2 shows that this sector in China, India, Korea and Taiwan expanded in August, with Taiwan signaling 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. With the capacity management program we'll be able to support our customers' business growth and continue to deliver great service, despite any future market challenges", commented Mathieu Floreani, CEO Americas, DHL Global Forwarding.
You can find the press release for download as well as further information on www.dpdhl.com/pressreleases
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World--Merchandise Exports, Growth, Quarterly; Forecast: September 2014; Copyright © IHS, 2014. All rights reserved.
HSBC Manufacturing PMI - Press Release, August 2014
SOURCE: DHL Express Canada
For further information: Media Contact: DHL Media Relations, Claus Korfmacher, Raluca Witowski, Phone: +49 (0)228 182-99 44, E-mail: [email protected]