Air cargo firms feel the pressure from plunge in freight prices

We don’t want to depress you, but this is one of the more miserable articles about air freight. With rates down 15-20% compared with last year, carriers are in shock – Lufthansa’s CEO called it a “landslide”. Buried in this article, however, is a sentence saying that Lufthansa is “looking at dealing with customers directly rather than via freight forwarders” – a public admission that in the past has caused furore. It could, however, simply be referring to the carrier’s latest product – to ship passengers’ personal goods. It ends with the note that even the pharma business is looking to transfer to sea freight. Grim times.