Quarterly Logistics & Freight Shipping Development: Q2 2023

The FL Technics logistics and freight shipping division experienced significant developments during the second quarter of 2023.?

This article provides an in-depth analysis of the data, highlighting the percentage breakdown of freight shipping by type of transport and the relative growth compared to the previous quarter.

Furthermore, we delve into the road and air freight movements, including their respective key-routes and comparative percentages, shedding light on the most prominent trade corridors and emerging trends.

Let’s explore the key findings from our performances.

Freight Shipping Percentage by Type of Transport

In Q2 2023, the freight shipping landscape saw the dominance of road and air transport, each accounting for a substantial percentage of the total shipments.

Road transport claimed 34% of the share, indicating its widespread utilization and +6% increase comparing with the first quarter. On the other hand, air transport contributed 66% to the freight shipping volumes, -6% comparing with previous quarter, which is reflecting a global weaken trend of air freight market despite its crucial role in expediting time-sensitive deliveries.

Current air cargo trend as well confirmed by Xeneta , showing a significant decrease and a surge in volume capacity in the global market.

Their post on Twitter shows the recent data from the market (link here).

Quarterly Growth in the Number of Shipments

The second quarter of 2023 exhibited a remarkable 27% growth in the number of freight shipments compared to the previous quarter.

This substantial increase signifies a thriving aviation industry and the growing demand for efficient transportation solutions. The upward trend suggests that businesses are expanding their operations and experiencing a surge in trading activities within the aviation sector.

Road Freight Movements by Route and Relative Percentage

The data reveals the distribution of road freight movements by route and their respective relative percentages, providing insights into the 44 key transportation corridors utilized during this period.

The most significant road freight movement was observed on the LT-LV route, accounting for 9% of the total road shipments. This indicates a strong connection between Lithuania and Latvia, showcasing a steady flow of goods between these two countries. Similarly, the LT-DE route contributed 8% to the road freight movements.

Internal transportation within Lithuania, represented by the LT-LT route, accounted for 7% of the road shipments, emphasizing the importance of domestic logistics operations. The LT-PL route, connecting Lithuania and Poland, followed closely with 6% of the road freight movements.

The UK-LT route, connecting the United Kingdom and Lithuania, represented 5% of the road shipments, indicating a notable trade relationship between these two countries. Furthermore, the LT-IT route accounted for 4% of the road freight movements.

Several other routes also displayed notable percentages of road freight movements, involving Germany, France, Czech Republic, all contributing 2% each. Additional routes, including United Kingdom, Ireland, Serbia, and Spain, each accounted for 1% of the road freight movements.

Additionally, a small percentage (0.4%) was attributed to the “Others” category, representing less frequently traveled or niche routes.?

These percentages collectively demonstrate the broad network of road freight movements of aviation parts and assets and the varied trading relationships supported by our logistics and freight shipping division during Quarter 2 of 2023.

Air Freight Movements by Route and Relative Percentage

During Quarter 2 of 2023, the air freight movements showcased a diverse range of routes, highlighting the global widespread reach of our logistics and freight shipping division. The data analysis reveals the distribution of air freight movements by route, providing valuable insights into 64 key trade corridors and transportation connections.

The most substantial air freight movement was observed on the US-LT route, accounting for 9% of the total air shipments. This underscores the strong trade of aviation assets and materials between the United States and Lithuania, indicating a significant demand for air transport services between these two countries.?

Other notable routes include LT-IT and LT-DE, both contributing 5% to the air freight movements. These figures emphasize the importance of trade and transportation links between Lithuania and Italy, as well as Lithuania and Germany, respectively.

The LT-SR, US-AZ, and LT-TR routes each accounted for 5% of the air freight movements, involving Serbia, the United States and Azerbaijan, and Turkey, respectively.

Additional routes such as LT-AZ, LT-LV, and LT-RO represented 4% of the air freight movements.?Furthermore, several routes contributed 3% to the air freight movements, including routes to United States, the United Kingdom, Czech Republic, the United Arab Emirates and France.?

Various other routes displayed lower percentages of air freight movements, including Saudi Arabia, Turkey, Portugal, China, Singapore, Senegal, and Namibia each accounting for 2% of the air shipments.?

Moreover, numerous routes contributed 1% or less to the air freight movements, showcasing the varied trading relationships and transportation demands across different regions within Middle East, Africa and Southern Asia.

This information enables us to optimize our air transport services and cater to the diverse needs of our customers in different regions worldwide.

Conclusion

The data analysis of our logistics and freight shipping division for Quarter 2 of 2023 demonstrates a strong performance and a growing customer base. With air transport accounting for the majority of freight shipping and a notable growth of 27% in the number of shipments, our division is successfully meeting the increasing demands of our clients.?

The detailed breakdown of road and air freight movements by route provides valuable insights into our operational reach and allows us to identify areas of potential growth and improvement.?By leveraging this information, we can optimize our services to provide efficient and reliable freight shipping solutions for our customers within the aviation industry in the future.

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