TMP Solutions

Market information for MAY 2024

Dear partner

As we can see the lines keep raising the rate every week from April. There are two main reasons ：

1. The economic recovery after the Covid 19 made the export increase from Asia. With the export increase, the space will be tight.

2. The Red Sea incident. This incident made the lines go through the RED sea to Europe. They need to take away from Cape of Good Hope. This means the transit time will take longer. They have to add more vessels to this routing to keep the service. So they take action to adjust the vessels from another area to support this routing. You will see the blank sailings. The blank sailing makes the space more terribly tight.

Above two reasons, it make the rate raising. As forecast, the high rate level will be kept till June. July and Aug are the pink season. Totally say, the high rate level will keep till November at least.

As for opinion, if have cargo ready plan, it is better to make a reservation early. The main problem is to get the space first. For any questions please contact us at: [email protected]

FedEx Express National Service Disruption
Friday, March 15, 2024

"FedEx Express experienced substantial disruptions at our Memphis hub last night due to severe weather. The storm created hazardous operating conditions, and the safety of our team members remains our number one priority.

Delays are possible for package deliveries across the U.S. with a delivery commitment of Friday, March 15, 2024. Contingency plans are in place, and we are prepared to provide the best possible service as conditions allow."

https://www.theguardian.com/business/2024/feb/08/china-consumer-prices-plunge-at-fastest-rate-for-15-years-as-deflation-fears-deepen

China consumer prices plunge at fastest rate for 15 years as deflation fears deepen Plummeting food prices feed steep annual drop amid renewed calls to stimulate economy and offset weakening demand

Hurricane Idalia Operational Update

Tuesday, August 29, 2023

"Hurricane Idalia is causing hazardous conditions across portions of Florida. Our top priority is the safety and well-being of our team members, as well as providing you with the highest level of service. Delays and disruptions can be expected for inbound and outbound shipments starting Wednesday, August 30 in impacted areas. We are committed to providing service to the best of our ability in areas that can be safely accessed.

Please continue to check the Service Alerts page on fedex.com for regularly updated impacted ZIP Codes.

Will your shipment be affected?
In the event of evacuations, shipments that were not delivered before the storm will be secured in one of our facilities. Delivery will be attempted when it is safe to do so.

For your specific shipment status, please track your delivery. Residential recipients can enroll in FedEx Delivery Manager to stay informed of their shipment’s progress.

Potential service disruptions may not affect FedEx Express, FedEx Ground, FedEx Freight, FedEx Office, etc the same. There may be different levels of impact depending on city, state, and ZIP Code serviced.

Consistent with the provisions of the FedEx Service Guide, shipments delayed due to Hurricane Idalia are not eligible for a refund or credit under the Money-Back Guarantee policy."