Airfreight shift as Taiwan earthquake impacts semiconductor production
The airfreight market could see a temporary shift, owing to changes in semi-conductor production, following ...
TRANSPORT INTELLIGENCE reports:
Volatile growth forecasts for the Global Freight Forwarding market: New Ti data projects the market will contract 2.4% in real terms in 2022, before growing 0.7% in 2023.
Though the high freight rates at the beginning of 2022 have fallen away sharply, the market is still expected to grow by 27.6% in nominal terms for the full year 2022. This contrasts with the real terms contraction of 2.4%, which reflects falling volumes as demand slumps under the burden of inflation.
As transport prices return to relative stability in 2023, and the worst effects of inflation draw down, the market is expected to rebalance and recover with slow growth in 2023. However pessimism on the market’s long term growth prospects remains.
Download Ti’s latest whitepaper for a breakdown of our brand new 2022 and 2023 freight forwarding forecast data, with analysis of air and sea freight projections, and regional performance. The paper also addresses the economic headwinds impacting market growth.
To download the whitepaper, please click and register here.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Capture of MSC Aries will further drive up Indian export costs
Iran may now pose a threat to multimodal supply chains via Dubai
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article