Forwarders predict fall in airfreight rates as ecommerce eyes sea freight
Forwarders are warning that although the airfreight market currently seems stable, conditions could change very ...
By Alex Lennane
Lack of inventory re-stocking and a softening of global trade has seen air freight grow at its slowest pace in 22 months, according to the latest figures from IATA. Freight tonne km grew 1.7% in March, year-on-year, and five percentage points below February. Capacity, meanwhile, outpaced demand for the first time in 20 months.
“It’s normal that growth slows at the end of a restocking cycle,” said Alexandre de Juniac, IATA’s director general. “That clearly has happened. Looking ahead we remain ...
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