News / Aerospace, automotive and oil & gas keeping charter brokers in the air

Photo: CharterSync

Demand for air cargo is soft right now; rates are falling and there is no sign of a peak – but charter brokers remain upbeat.

“Rates are falling across the ocean and air sectors,” said Daniel Carriett, global cargo director at CharterSync. “We’ve written-off the traditional peak season.

The charter market usually sees rising demand during Q4, ahead of the holiday season, and budgets usually account for this. However, Mr Carriett said shorter ocean lead times, weaker demand and more pre-booked capacity ...