US CBP sees 90% fall in revenue last month; airfreight sees ecomm slide
February may have been the month in which the US suspended its de minimis exemption ...
© Olivier Le Queinec
The air cargo industry is expecting a bumpy few months, but some remain optimistic the market could recover as early as March.
Air cargo rates have fallen steeply, with prices in some places now below 2021 levels, and continuing to fall. But airlines are putting on a brave face.
“There are strong headwinds ahead, but I think things will get better in March after Chinese new year,” Astral Aviation CEO Sanjeev Gadhia told TIACA’s Air Cargo Forum delegates in Miami yesterday.
While Rhenus ...
Comment on this article
Jonathan Holmes
November 10, 2022 at 5:56 amExcess inventory is like the excess money supply. Both have persistent and opposite effects on prices. Excess inventory does not produce demand and thus prices drop. Excess of the money supply (AKA inflation) does not produce supply and thus prices rise.
In both cases it will take some time to work through the excess and get back to equilibrium in the market. Possibly longer than anyone thinks.