Sourcing E-Commerce Set to Surge Even Further Air cargo demand is hot - and there is no expectation at all that it will cool off any time soon. Concerns that retail is slowing in key markets seems not to be impacting e-commerce demand.Please login to continue reading Login “Anecdotally, we’re looking at about 20% of global volumes today are e-commerce. In the trans-Pacific we’re in the 60%-to-70% range, and sometimes higher. And what’s astounding with this is we’re still only at the starting point,” said Glyn Hughes, director general of The International Air Cargo Association (TIACA), during a webinar in late May. “The e-commerce platforms are already foreseeing that they’re going to increase their needs for capacity in Q3 quite considerably from where they are today and they are opening up new markets.”Air freight rates continue to rise globally as large eCommerce volume from Hong Kong, China and other APAC hubs continue to pour out of the region. Outbound Hong Kong rates are +22% year-over-year and Shanghai rates are up over 42% year-over-year.With June demand coming in +13% from the previous year and capacity lagging behind, the expectation is for rates to continue climbing as we approach a potentially early and extended peak season, per UPS.Sourcing