News / Airfreight rate relief for shippers, or are things going to 'turn nasty'?

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With air freight rates settling below peak-Covid levels, and the Baltic Air Freight Index slipping 1.5% last week, the market has been anticipating a second-half recovery.

However, according to one analyst, this is mere wishful thinking – a continuation of a weak market could impact contracts, according to Ti’s Air Freight Rate Tracker report, published yesterday.

Noting that shippers were moving back to ocean, the report explains: “In light of this uncertainty, freight forwarders will be hesitant to sign long-term contracts, and even ...