Could a new banking crisis send the airfreight market off course?

© Kirilllirik

The collapse of Silicon Valley Bank and last-ditch rescue of Credit Suisse have raised the spectre of a renewed financial crisis. But this time things look a bit different.

After falling steeply from Covid-era peaks, airfreight prices finally seemed as if they might be reaching a bottom in March.

TAC Index, the leading price reporting agency (PRA) for air freight, reported successive weekly gains for the Baltic Air Freight Index (BAI00) of 3.1% in the week to 20 March, and then another ...