Air cargo forwarders stick to spot rates – a long-term contract would be 'foolish'
Air cargo forwarders are sticking to using spot market rates, because “anything can come out ...
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 ...
Comment on this article