Airfreight shift as Taiwan earthquake impacts semiconductor production
The airfreight market could see a temporary shift, owing to changes in semi-conductor production, following ...
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Transport Intelligence writes:
As the air freight market enters a new phase driven by a steady increase in supply and mediocre demand, use Ti’s Q2 2023 Air Freight Rate Tracker to understand market dynamics and future rate expectations.
Q2 2023 – Key Data:
– Air freight rates showing less volatility but there are signs that rate falls aren’t over as demand remains weak but belly freight increases market capacity.
– Headhaul rates ended Q2 2023 down 40.6% year-on-year.
– Q2 2023 capacity up 9.9% year-on-year.
– Summer flights set to further increase belly freights and keep rates down.
– Global airport freight volumes down double digits vs 2021.
To download the full report, please click here.
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