Ecommerce platforms cancel flights and slash capacity – market is 'a mess'
As anticipated, ecommerce platforms have begun cancelling flights and cutting back on capacity, while Chinese ...
Ultra-large and large forwarders are losing market share in air freight to small and medium-size agents, according to WorldACD Market Data.
Large forwarders hold a 14.2% share of total chargeable weight, down 1.1% from September 2022, whereas smaller forwarders account for 15.6%, up 0.9% since last year.
Ultra-large forwarders still account for the largest market share, at 27.1%, despite a 1.3% decrease from last year.
Some of the larger forwarders are downsizing as profits from air and sea divisions decline, and Rogier Blocq, ...
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