News / 'Toxic' air cargo market drives forwarders into Vegas-style risk-taking

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Forwarders are taking big risks in the air cargo market as they look to maintain volumes despite rates seeing a 41% drop since last year, with global spot rates now at $2.31 per kg.

“It is getting pretty nasty out there, and stress levels among airlines and forwarders are clearly rising,” said Niall van de Wouw, chief airfreight officer at Xeneta.

“It’s the fear-of-missing-out that is driving the aggressive drop in cargo rates because no one wants to lose volumes, and they ...