News / Forwarders review block space bookings for air cargo, looking for lower rates

The soft market is causing freight forwarders to reassess their bookings with airlines, easing up on block space agreements and looking for lower spot market rates. 

According to recent data which is representative of the market, volumes were down 18% on Europe-US last week. Capacity, however, was down by 22%, showing that airlines are responding to the difficult market situation, and holding up load factors. But the second quarter is proving at least as tough as the first for the carriers. 

“We think ...