Delayed arrival of freighters may prevent 'a bloodbath' in air cargo market
Only a trickle of large widebody freighters will join the global fleet this year and, ...
© Jens Löschke |
By Alex Lennane
Lockdowns in Europe, forcing shops to close, have led to significant air freight cancellations as retailers re-think their supply chains.
One European retail forwarder told The Loadstar he had seen thousands of cubic metres-worth of bookings cancelled in the past 72 hours as the second UK lockdown came into force today.
Many retailers have switched to sea freight, or sea-air.
“I am talking huge volumes,” said the forwarder. “It’s a bit like March, when everything stopped and, quite literally, air freight was zero ...
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