News / Shippers opt for longer air cargo contracts as the global market stays flat

The air cargo market may be “finding its feet again” – but it may take time.

Latest data suggests Q3 23 saw a 6% rise in shippers committing to airfreight contracts of six months or longer, now at 34% compared with 28% in Q2.

Xeneta says this is a result of “the industry [coming] to terms with a new baseline for the general air cargo market”. 

Niall van de Wouw, chief airfreight officer, added: “It is a sign that airlines, freight forwarders ...