Airfreight contracts begin to reflect threat of a Q4 capacity crunch
“Capacity will be king in Q4,” said one forwarder at the recent CNS Partnership event ...
Cargo iQ, the air freight quality standards organisation, has released its figures for May. You may not be aware of this report, but it can be interesting to see who is involved, and how they are doing. It reports average journey time – which is in fact less than the six days commonly quoted. Among Cargo iQ members, the average airport-to-airport journey time is 44 hours, while door-to-door it is 132.5 hours, or five and a half days. It also shows that the level of booking quality and accuracy of electronic data is pretty low, at 44%, and shows which forwarders have done best, while also measuring airline’ on-time availability. Worth a quick look, if only to see how your competitors or partners might be faring.
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