Air cargo forwarders stick to spot rates – a long-term contract would be 'foolish'
Air cargo forwarders are sticking to using spot market rates, because “anything can come out ...
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By Alex Lennane
As predicted – and now experienced – by many in the air cargo business, the happy boom in demand at the start of the year has dissipated, to a miserable trickle. This has not been helped by a 5.5% capacity increase in April, which, coupled with flagging demand – particularly in Europe, Latin America and Africa – means that “once again, the business is stagnating”, said IATA’s Tony Tyler. While April saw year-on-year growth of 3.3%, IATA noted that “there has been no actual growth in aggregated global cargo volumes since late last year”.
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