US Customs chaos means 'more downside risk than upside potential' for air cargo
Air cargo growth rate forecasts have been slashed, owing to the weaker economic outlook and ...
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By Alex Lennane
News that the air cargo market is continuing to soften is likely to trigger more rate renegotiations between carriers and customers.
The latest data, out today, shows volumes in June were down 8% year on year, while demand was down 7% compared with 2019.
Capacity was up 6% over 2021 – but is still 11% down on 2019 levels, according to Clive Data Services, part of Xeneta.
Overall, rates remain 129% higher than in 2019, but the market is seeing a steady decline, ...
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