Airlines rethink strategy as ecommerce to US begins decline
Shippers and forwarders are waiting to see how airlines manage their capacity before locking into ...
By Alex Lennane
Forwarders are expecting to see a surge in demand – and rates – out of China once the lockdowns ease.
Airfreight rates have started to climb in the past week on routes to Europe (up 7.7%) and the US (up 8.4%), according to the TAC Index, but demand remains sluggish.
“Currently, there is not much cargo demand ex-Asia to Europe, in all honesty,” said one European forwarder.
“The lockdown in Shanghai has reduced production and caused delays in the local transport element. I ...
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