East-west rates diverge as transpac spots hold while Asia-Europe keeps falling
Container spot freight rates on the main east-west trades diverged this week after a series ...
© Chernetskaya |
By Alex Lennane
The e-commerce market out of southern China remains strong in air cargo – but that appears to be the only joy on the horizon for carriers.
Indices this week show global demand is still weak, and rates going nowhere.
TAC Index showed a slight decline in rates, after a mild bounce a week earlier, while the overall Baltic Air Freight Index dropped 2.4% week on week.
While passenger/belly capacity may be up, freighter capacity is expected to slide, with airlines using this dull ...
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