Air cargo in new balancing act as rates ease and fuel costs climb
Air cargo carriers are facing an increasingly challenging market, with spot rates beginning to cool, ...
With the earnings season in ocean/air freight/land opened by Panalpina last Wednesday, now all eyes are on Kuehne+Nagel’s (K+N) interim update, due tomorrow. We all expect more pain than joy for the leading freight forwarders (FF), particularly with regard to the performance of their air freight businesses – which, only 12 months ago or so was their top trade.
But to what extent is sluggish growth in air coming back to haunt the majors, and specifically K+N?
Background
The top FF players, all ...
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