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| Forwarders in Japan cut fees for Asia-bound freight |
| POSTED: 9:32 a.m. EDT, June 13,2007 |
Freight forwarders in Japan are charging about five percent less in fees for shipping goods to other Asian countries than they did a year ago, the first drop in two years, as the supply of cargo space has increased while exports are on the decline.
The supply of cargo space has grown now that airlines offer more flights to such destinations as China. But exports have been decreasing, as shipments of auto parts and components for flat-panel televisions are no longer growing as fast as they did a year earlier.
The volume of exports handled by air forwarders fell a third straight month in April, according to the Japan Air-Cargo Forwarders Association.
Consequently, fees for large-lot shipments from Tokyo to Singapore are now hovering at around US$1.4-$2.64 per kg.
But customers are ending up paying more overall because forwarders have raised fuel surcharges. Information from major forwarders shows that they have passed increases in airlines' fuel surcharges on to 90-95 percent of customers through negotiations. |
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| From:aircargonews |
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