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Air Timeliness Indicator Continues Descent
Flexport’s Air Timeliness Indicator measures the amount of time taken to move airfreight from its point of consolidation to arrival at its final destination. The airfreight world tends to run along “trade lanes.” The two biggest trade lanes carry goods from Asia to North America and from Asia to Europe. The ATI captures timeliness on each of these. In our latest update, the timeliness on TPEB improved while FEWB got worse.
The Methodology: The Flexport Air Timeliness Indicator (ATI) utilizes data from Flexport’s airfreight operations for an expansive view of a cargo’s journey. Updated on a weekly basis it shows the time taken to transit from cargo consolidation to final delivery. Measures are shown for Far East Westbound (FEWB, e.g., China-to-Europe) and Transpacific Eastbound (TPEB, e.g., China-to-US) routes. The data is shown on a four-week, trailing average basis. More details about the ATI can be found in our background report.
Week to September 25, 2022 The measures have trended steadily downwards this year after reaching a peak in January.
TPEB dipped to 10.0 days, reaching the lowest since the four week period to June 6, 2021. FEWB increased to 9.6 days on average in the four weeks to September 25, returning the measure to levels seen in mid-July, 2022. Air times may start to reflect increased traffic as importers enter the peak season.
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Please direct questions about the Flexport ATI to firstname.lastname@example.org.
Disclaimer: The contents of this report are made available for informational purposes only and should not be relied upon for any legal, business, or financial decisions. Flexport does not guarantee, represent, or warrant any of the contents of this report because they are based on our current beliefs, expectations, and assumptions, about which there can be no assurance due to various anticipated and unanticipated events that may occur. This report has been prepared to the best of our knowledge and research; however, the information presented herein may not reflect the most current regulatory or industry developments. Neither Flexport nor its advisors or affiliates shall be liable for any losses that arise in any way due to the reliance on the contents contained in this report.
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