- Total TEU and shipment volume of 2H 2020 vs 1H 2020 are up. Demand continues strong due to:
- Continued restocking demand
- High demand for “stay at home” goods/PPE
- Pre CNY rush
- Limited Air Cargo capacity
- Revenue yields are up
- Capacity constraints and strong demand significantly drove up revenue yields in 2H 2020
- Demand remains strong. Hard to get space on premium service before CNY
- Constantly changing rate levels remain at their highest and are holding
- Increased trade imbalance and container shortages
- Pricing has increased in complexity
- More spot and/or FAK rates application instead of contract rates
- Application of Premium Space Guarantee surcharges
- Increased differential between VOCC and NVOCC market
- Revenue leakages have increased significantly, as have invoice adjustments, due to
- Increased pricing complexity
- Increased frequency of pricing changes
- Fewer staff at the local terminals to validate data capture and pricing
- Fewer staff at corporate to validate & process exceptions
- Virtual work environment
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