Airfreight demand expected to weaken through Q2
Weak ecommerce demand has seen cancellations of airline block space agreements and charters, particularly to the ...
© Ikarth
By Mike Wackett
Container freight rates from China remain on the slide ahead of the Golden Week national holiday early next month.
Rates are falling due to weak demand during a period which should see a spike in bookings before the week-long factory shutdown.
Indeed, reports from China suggest sailings this week to North Europe and the US have seen utilisation levels drop to 80% on some export loaders, prompting carriers to urgently ramp up their blanking programmes through to the middle of October.
Xeneta’s XSI ...
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