In 2023, the suppressed demand for air cargo transportation was released as the economy continued to improve. In the first half of the year, the international air cargo market continued the downward trend of "scarce goods and continuous price decline" observed in the second half of 2022.

However, driven by the strong demand for cross-border e-commerce exports from China in the second half of 2023, the upward momentum in the air cargo market was activated. The industry as a whole experienced a steady recovery, coupled with the gradual recovery of passenger flights, enhancing cargo transportation capacity. The demand and prices for air cargo soared, especially during overseas promotional seasons and the period around the Chinese New Year, making flights for airlines and charter services exceptionally busy.

It is worth noting that the enthusiasm for cargo charter flights, which flourished during the pandemic, has not diminished and continues to thrive. Even in a global economic slowdown with imbalanced supply and demand and certain impacts on regular flight operations, charter services have been developing smoothly, and freight rates have shown significant strength. In December 2023, according to unconfirmed reports from The Loadstar, the prices for long-haul charters have reached $1.3 million, and charter operators have already sold out their annual capacity.

Air Charter Service, a global air charter service company, also stated that there is demand for charters across many industries globally. While prices have not yet surpassed $1 million, charter pricing is much better compared to the general air cargo market.

Currently, the air cargo charter market can be described as "quite crazy," with shortages even in wide-body cargo planes. Some popular airports in the market, especially points on the North American route like LAX/JFK/ORD, and points on the South American route like MEX/NLU, besides flights operated by airlines themselves, have many scheduled charter flights operated by agents. This trend of both airline-operated and agent-chartered flights may continue in the industry for some time.

As the global air cargo industry gradually improves, seizing opportunities and seeking development have become the main theme for Chinese freight companies. Many cross-border logistics companies are focusing on their strengths, identifying their tracks, tapping into potentials, and enhancing their services.

After signing a strategic cooperation agreement with China Southern Cargo in 2023 and launching the first scheduled all-cargo flight in the history of China-Canada, Jia You International has increased the frequency of all-cargo flights to meet the strong demand for air cargo capacity from cross-border platforms and e-commerce customers.

Starting from January 2, 2024, the new Qingdao (TAO) to Toronto (YYZ) route operated by a B777 all-cargo aircraft will fly four times a week (D2/4/6/7), with a route of Qingdao-Vancouver-Toronto, each carrying approximately 400 tons of cargo capacity per week. This new flight will significantly alleviate the transportation pressure of goods from China to Canada. With Vancouver (YVR) and Toronto (YYZ) as key points, truck or air transportation transfers cover all points in Canada, providing more extensive and flexible options. Priority is given to unloading at major Canadian cargo stations, offering more convenient and efficient services for goods exported to Canada.

Established in 2016, Jia You International is an integrated supply chain logistics service provider with end-to-end fulfillment capabilities for China to Canada/Canada to China. It is well-known in the cross-border logistics market for its focus on Canada.

Since opening the China-Canada all-cargo regular direct flight route in March 2023, Jia You International has provided convenient and efficient air freight services for many cross-border platforms and sellers, greatly optimizing the air cargo capacity layout between China and Canada. This has provided more stable, high-quality, and efficient logistics support for cross-border e-commerce between China and Canada.

In 2023, Jia You International's goal for air cargo transportation is to strive to increase the frequency of the YYZ route from three to four scheduled flights per week. Leveraging the two major base airports in Canada, the company aims to explore transportation services to the United States border points such as Seattle (SEA) and Buffalo (BUF).

In the future, Jia You International will continue to invest more resources in the Canadian market, including front-end air cargo capacity input and the improvement of the delivery network at the back end. This will contribute to the continuous prosperity of China-Canada cross-border trade, showcasing Jia You International's mission and responsibility as a leading enterprise in the end-to-end supply chain for China-Canada cross-border trade.