Forwarders predict fall in airfreight rates as ecommerce eyes sea freight
Forwarders are warning that although the airfreight market currently seems stable, conditions could change very ...
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Indian air cargo volumes are expected to quadruple over the next two decades, propelled by soaring ecommerce demand and manufacturing expansion, according to US aircraft maker Boeing.
Boeing’s World Air Cargo Forecast 2024-2043 notes that the Indian market is seeing the fastest ecommerce demand traction, about 25% annually.
“Rising household incomes, high internet penetration and widespread smartphone adoption are powering a booming ecommerce market [in India],” says the the plane-maker.
“Although still relatively small in volume, compared with established ecommerce ...
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