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, ...
© Jirapatch Iamkate
By Alex Lennane
Air freight rates could see further increases as forwarders report an up-to-four-week wait for ocean freight bookings from China to Europe.
While transpacific ocean freight is enjoying more capacity, the westbound trade is expected to get “a lot, lot worse”, which could cause a knock-on effect in air freight as frustrated shippers look to move goods faster.
Air prices have been rising for the past fortnight and there are concerns among shippers that they will go higher still with the onset of ...
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