News / Good time for shippers to commit to longer-term air cargo contracts

© Jaromír Chalabala

Shippers should take advantage of lower rates in the first quarter to commit to longer-term airfreight contracts – while forwarders should move off the spot market, according to Xeneta.

Looking to 2024, Niall van we Wouw, chief airfreight officer at Xeneta, said: “Top of mind will be [shipper] ambition to agree longer-term contracts with their freight forwarders.

“This will allow them to catch their breath after a couple of intense years of revisiting their rates multiple times a year.

“This will also increase ...