Air cargo watches and waits as trade chaos creates 'slowbalisation'
Air cargo is in a “wait-and-see moment”, as the industry tries to navigate through the ...
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By Alex Lennane
Supply chain shocks aside, the last two weeks of March saw air freight stabilise, with just single digit fluctuations in rates.
But, as anticipated, forwarders have reported sky-high charter rates in response to the Ever Given Suez crisis.
“Charter prices are going through the roof for the coming two weeks, capacity seems scarce and, indeed, some shippers have reached out to us for alternative solutions via air,” said one forwarder specialising in Asia-Europe.
The potential modal shift triggered by Suez is also nudging ...
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