Forwarders predict fall in airfreight rates as ecommerce eyes sea freight
Forwarders are warning that although the airfreight market currently seems stable, conditions could change very ...
© Vladimir Engel
By Alex Lennane
Air freight rates are soaring out of Asia to Europe and the US west coast, with Bangladesh to Europe seeing particularly high demand, forwarders have told The Loadstar.
Tight capacity, plus shippers looking to meet end-of-quarter numbers, are said to be behind the market growth.
The ready-made garment sector has increased demand, with Inditex alone thought to be moving between 300 and 500 tonnes a week out of Bangladesh, mostly on charters, but also looking for excess capacity on scheduled carriers.
The rise, ...
Comment on this article
Mark Hawkins
March 22, 2017 at 4:13 amTraditional peak out of ISC for fashion retailers Spring/Summer ranges is nothing new, but Air carriers continue to experience exceptional demand for capacity in Q1.
Sea-Air continues be a viable alternative for less time critical orders, and avoids congested Middle East hubs, who are handling strong volumes to China due to Ocean export congestion.
Najma Qureshi
May 07, 2018 at 7:18 amAir freight expenses are going soar not only on from Asia to Europe but all across the world. Having to face such kind of expenses will lead to a faster mode of communication.