Airfreight is still operating, albeit much more limited than normal, passenger flights are being cut every day. However, freighter services are still operating. many airlines are looking to either reconfigure their aircraft to freighters or looking to send passenger aircraft, without the passengers. We are monitoring this very closely and will keep you updated when we receive any updates.
Due to demand, airlines have cancelled any promotional rates and the large majority are only accepting bookings under "express" rates but without the express service and the conditions of uplift. They are working on a first-come, first-serve basis and rates are changing on an almost daily basis.
It would be our advice that if you have an airfreight shipment, then lock in the rate and space as soon as possible.
OCEAN FREIGHT UPDATE
Ocean freight is currently working well. However, space is becoming a premium and an imbalance of equipment is fast becoming an issue. This means that in the busier China and Far East ports, there are not enough empty containers to fulfil demand. We are monitoring this situation very closely, but we do expect demand to outweigh equipment, which will no doubt, eventually see the impact on rate increases as demand becomes higher.
THE SEA-AIR OPTION FOR IMPORTS EX THE FAR EAST
As demand increases for air shipments and space become tighter, we are already seeing delays in departures for both air imports and air exports. The Sea-Air service is a very viable option from the Far East and although it will increase the transit times compared to air freight, it does in fact save a lot of cost against rising air prices and will still save a lot of time against ocean freight transit times. If you think this would be a good option for you, please do not hesitate to contact JAG UFS for more details.
JAG UFS would like to thank each and every one of our customers for their continued loyalty and understanding. We fully appreciate that this is unprecedented times.
We hope that each and every one of you and your families stay safe in these trying times.