Airfreight players eye new routes as demand on the transpacific nosedives
The sudden fall in demand for airfreight on the transpacific is beginning to trigger capacity ...
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By Alex Lennane
“Capacity will be king in Q4,” said one forwarder at the recent CNS Partnership event in Dallas – that is now becoming clear in the data and shipper airfreight contracts, according to Xeneta.
Volumes are coming off the spot market, it explained. In April, the spot market share was 41%, down 4 percentage points from a year earlier. And, with fears of a busy Q4, shippers and forwarders are starting to plan ahead.
“There’s the reality of now, where you will see ...
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