News / Congestion and rates drove huge modal shift to air freight last year

Cargo owners increasingly switched from sea to air in 2021, with port congestion and a narrowing price gap helping the airfreight market grow twice as fast as sea cargo.

Furthermore, according to a new whitepaper by Ti Research, the global freight forwarding market bounced back to enjoy the strongest market growth since 2011, recording 11.2% growth in real terms, to $284.9bn.

It was a strong performance following one of the most challenging years to date, amid the Covid-19 pandemic, Ti noted, with ...