News / As ocean rates fall, Maersk awaits a modal shift from air to sea

As ocean freight rates continue to fall, Maersk says it expects to see modal shift from air to sea this quarter.

In an update to customers, it said air freight volumes remained low, adding: “High inflation rates across Europe are continuing to impact disposable income and how much consumers are spending.

“Ocean freight rates coming down in the first quarter of the year is likely to herald a shift from air to ocean transport, too, as air volume growth remains fairly flat. ...