News / Air cargo market is 'on its knees' as the latest data shows yields continue to fall

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The top 20 global forwarders have lost some ground to smaller companies, according to new data published by WorldACD.

While 19 out of the top 20 retained their position, year-on-year, for the first four months of the year, their yields fell 12%, while smaller forwarders were down 10%.

And the top group’s combined share of worldwide revenue fell from 45.1%  to 44.4% – only six top companies saw revenue increase in the period.

The air cargo market, however, is depressed after its earlier ...