Airfreight demand expected to weaken through Q2
Weak ecommerce demand has seen cancellations of airline block space agreements and charters, particularly to the ...
© Wave Break Media
By Alex Lennane
The air cargo industry should expect a non-existent, or at best muted, peak season as rates and volumes continue to slide.
September saw rates drop 19% year on year out of Hong Kong to North America, while out of Shanghai they fell 42%, according to the TAC Index.
On Asia to Europe, rates fell 25% from Shanghai and were flat from Hong Kong, but all lanes are still significantly – between 92% and 175% – above pre-Covid levels.
World ACD, meanwhile, reported lower ...
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