Airfreight demand expected to weaken through Q2
Weak ecommerce demand has seen cancellations of airline block space agreements and charters, particularly to the ...
© Jirapatch Iamkate
By Alex Lennane
Forwarders have reported a sudden spike in demand in air cargo, forming a ‘very early peak’.
It’s all due to production backlogs and modal shift from the troubled sea freight sector.
“Since last week, rates are climbing everywhere,” said one European forwarder. “Demand increased massively, with distressed ocean freight being moved to air.”
Following a lull in May and June, traditionally a quiet period, volumes – and rates – are climbing again.
“Demand from China to the US and Europe is starting to pick ...
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