For forwarders, 'a hot Q4' will be all about controlling air cargo capacity
“Capacity is going to be king for the rest of 2024.” That’s the word from forwarders ...
Australian shippers are urging the government to extend subsidies for air cargo, noting the lack of capacity in the market. The International Freight Assistance Mechanism, which has received more than A$1bn (US$721.45m) since it was launched in April 2020 to subsidise air freight costs for shippers, is due to end in mid-2022. But shippers have pointed to capacity cuts by Qantas, Cathay Pacific and Virgin Australia, arguing the programme needs to be extended. Financial Review reports.
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