News / More modal shift predicted as rising spot rates squeeze markets

Dreamstime

Air and ocean capacity from Asia to major markets is going to remain tight, driving up rates as a convergence of factors is increasing demand.

More business is shifting to spot pricing and some traffic will migrate from ocean to airfreight, Dimerco predicts in its latest Asia Pacific Freight report for May.

The global manufacturing PMI retreated in April, but remained in expansion territory for a third consecutive month. The reading of 50.3 indicates global GDP ...