We’ve got another WebCargo by Freightos update for you, and this time we’re headed to Japan. A powerhouse in the global economy, Japan makes significant contributions to industries ranging from automotive and electronics to logistics and international trade. In this context, let’s take a look at Japan’s trends in air freight and eBookings!
We’ve witnessed an increase in the volume of eBookings, with September setting a new record for 2023 with a 42% increase compared to the previous year! There has also been a 17% increase in the number of freight forwarders in Japan using WebCargo in comparison to last year. As we look ahead, the momentum in Japan shows no signs of slowing down.
10 airlines are available for eBooking in Japan, including notable names such as Air France KLM Martinair Cargo, IAG Cargo, Finnair Cargo, ITA Airways Cargo, Silk Way West Airlines, and Air Canada Cargo. Turkish Cargo, Lufthansa Cargo, and Qatar Airways Cargo are the top 3 airlines for eBookings in the country.
Freightos Air Index export rates for Japan show prices to North America declined 3% to $3.31/kg in October and are 46% lower than a year ago as rates have cooled across the industry. Prices to Northern Europe increased 11% in October to $3.33/kg but are 40% lower than October 2022 levels. Our team has been closely monitoring this evolving trends to provide you with insights that empower your decisions.
WebCargo is a pivotal asset for forwarders in Japan! WebCargo offers a user-friendly platform for efficient booking and quoting, granting access top international airlines and broader trade lane coverage, particularly in key Asian markets like China. Forwarders utilizing eBookings benefit from cost savings and increased sales opportunities, as well as an enhanced ability to support their digital transformation efforts.
Stay tuned as we continue our WebCargo update series, sharing insights and highlights from around the world.