Cautious air cargo shippers delay tenders amid signs rates may have peaked
Air cargo shippers are increasingly delaying tender decisions and extending existing contracts, rather than locking ...
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By Alex Lennane
Rapid Covid test packs have been driving the global air freight market out of China for the past two months, say Chinese forwarders. The packs have – along with lack of capacity, of course – been driving market rates. But with the world now becoming more satiated with Covid tests, shops re-opening in Europe and high consumer demand in the US, the market is shifting again, according to the inaugural Loadstar Podcast. Covering air freight, as well as the transpacific market and the hellish situation for shippers, it features valuable insight from logistics experts from around the world.
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