Ecommerce platforms cancel flights and slash capacity – market is 'a mess'
As anticipated, ecommerce platforms have begun cancelling flights and cutting back on capacity, while Chinese ...
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By Sam Whelan
Air cargo volumes were up month-on-month in July, while freight rates were down, but the continuing capacity crunch means the market is anything but “normal”.
In its latest market report, air cargo number-cruncher WorldACD notes global volumes ticked up 8.2% on June, but year-on-year, this was down 18.5%.
Likewise, airfreight per kg was up 62%, year on year, for the month, but down on June by 9%, falling from $3.12 to $2.83.
“So, are things getting a bit more normal?” WorldACD asks.
“One of ...
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