Airfreight rate rises – is the process out of date?

© Blueximages

In an age where flexible pricing is becoming the norm (Uber, petrol stations, passenger air fares), why does the cargo industry still stick to published rates – and rate increases? That’s the question posed by Mark Grinsted on CargoForwarder. And it’s a good question. As the annual autumn rate hike starts, he notes that in reality, spot rates are “the essence of the business”, and that works well for capacity – which is perishable and very much at the mercy of supply ...