Forwarders predict fall in airfreight rates as ecommerce eyes sea freight
Forwarders are warning that although the airfreight market currently seems stable, conditions could change very ...
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By Alex Lennane
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 ...
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