Reported 12 months ago
Chinese e-commerce platforms, Shein and Temu, are thriving and rapidly consuming air freight capacity by shipping directly from Mainland China factories to consumers in the US and Europe, causing a surge in air freight rates. The intense competition for airline cargo space, with Shein and Temu rapidly growing, is also impacting the upcoming peak shipping season. The increase in demand for air freight is mainly due to the companies offering low-cost clothing and home goods, rather than just high-value electronics and perishable items typical of air cargo. Logistics data also suggest a significant increase in air freight rates, and the competition for cargo space is expected to get more intense as US retailers prepare for the holiday shopping season.
Source: YAHOO