US CBP sees 90% fall in revenue last month; airfreight sees ecomm slide
February may have been the month in which the US suspended its de minimis exemption ...
The air freight market may be relatively quiet, but “the forecast remains for another peak”, according to Freight Investor Services (FIS).
Noting “a highly supportive summer period [an unusual thing for the ‘normal’ airfreight market] stretched inventories and the reopening of economies post-Covid”, Peter Stallion, head of air and containers at FIS, noted in today’s Baltic Exchange newsletter that the market would likely see both strong demand and “strong forward capacity”.
Much of course still hangs on the return of long-haul passenger ...
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