News / Air cargo rates boost after Hanjin collapse will be short-lived, says consultant

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Airfreight rates benefited from false bargaining powers rather than any significant modal shift in the wake of the Hanjin crisis, with fewer shippers jumping modes than expected, according to Drewry.

While Drewry acknowledged a temporary modal shift, it said shippers’ flight to safety was to bigger container lines – one consultant estimated that Maersk alone took 19% of Hanjin’s Q4 volumes.

IHS Markit’s Global Trade Atlas database claims the volume of cargo carried by airfreight into the US was actually down marginally on 2015 ...