Chinese New Year blurs visibility in an uncertain airfreight market
Forwarders and carriers are watching the airfreight rate market with much interest right now – ...
© Tatchaphol Chandraprasit
By Alex Lennane
If you thought the ocean market was poor, air cargo is faring even worse – a decline which could see it dismissed from client boardrooms again.
Air freight looks likely to hit rock bottom within the next couple of months, albeit with some slack remaining in the market through next year.
The latest Baltic Exchange analysis notes the unhappy combination of extra summer capacity alongside weak cargo demand.
“The market is likely to be most over-supplied with belly space this summer, so cargo ...
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