News / Record 2017 for air freight warms up the market for a happy new year

The quiet holiday period saw airlines clear up freight backlogs that had built up over an unusually busy end to the year – and now the air freight market is starting to warm up again, say forwarders.

However, there were reports of cancelled scheduled operations over the holiday, which is likely to have led to rates staying firm, particularly to and from the US.

Web-quotation platform Freightos cited cancellations between December 22 and December 31, to Los Angeles, Chicago and Dallas. It said ...