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In August 2024, China's warehouse index rose to 50.2%, indicating a recovery in the industry. Key indicators such as end-of-period inventory, average inventory turnover, number of employees, and business expectations have improved. However, the new orders index remains below the prosperity line, suggesting that demand has not fully recovered.
The US Services PMI exceeded expectations in January, but growth slowed. Global Manufacturing PMI returned to expansion, but regional disparities were significant. US economic growth is moderating, while inflationary pressures persist. The global economic recovery remains a long and winding road. Investors should closely monitor economic data and maintain a cautiously optimistic outlook.
The African air cargo market faces challenges such as trade barriers and geopolitical conflicts. However, industry leaders suggest measures like resource integration, manufacturing development, and the construction of secondary airports to enhance market growth potential and efficiency. The trade relationship between Africa and East Asia has shown strong growth, indicating significant future development opportunities.
In May 2025, international air cargo demand grew by 2.2% year-on-year, demonstrating the industry's resilience. Despite a contraction in global manufacturing and the impact of U.S. tariff policies on certain regions, the Asia-Pacific region experienced the fastest growth in cargo demand at 8.3%. Additionally, falling oil prices provided relief for the airlines.
The launch of the A350F injects new momentum into the air cargo market. Using in-depth feedback collected during the pandemic, Airbus optimized its design to meet market demands, aiming to achieve the best balance between cargo capacity and payload. Additionally, plans are in place to enhance production capacity through the integration of manufacturing facilities.
Out-of-box goods refer to standalone items that cannot be transported using standard containers. Although the transportation process is relatively complex, this method is particularly crucial for specific goods such as construction equipment and manufacturing materials. Understanding the characteristics of out-of-box goods can help companies enhance efficiency and safety in logistics.
The U.S. imposed a 25% tariff on imported heavy-duty trucks, aiming to revitalize domestic manufacturing and safeguard national security. However, this could lead to higher truck prices, increased transportation costs, and potential trade retaliation. Opinions are divided, with truck manufacturers, transportation companies, and shippers actively seeking coping strategies. The future impact remains uncertain.
Non-manufacturing data showed a slight slowdown in March, but overall growth momentum remains. Most industries are expanding, and key indicators, although declining, remain in expansion territory. Labor shortages and trade conditions are key areas of concern. Experts believe the economy is moving towards a more sustainable growth path, and the future outlook remains optimistic.
The surge in demand resulting from the US-China trade agreement brings potential risks to the supply chain. While the decline in idle ship rates indicates a recovery in capacity, shipping companies may face significant challenges including reduced quotas, difficulties in booking, and rising costs, which have a considerable economic impact on end consumers.
