News / Air cargo market expects a healthy peak season as rates and volumes rise

Cathay is removing seats from two more 777s in a bid to meet peak demand

Forwarders are reporting a rise in air freight rates as June comes to an end, with many anticipating a strong demand pick-up in August.

While routes from Asia to the US have stayed stable, with both e-commerce and stock replenishment driving demand, Europe has been somewhat flat.

“Air freight to Europe has been quiet for a few weeks, but rates haven’t dropped for at least two or three weeks – until now, which means it had hit the bottom for airlines,” said ...