News / Uptick for air freight? 'Wishful thinking – first half looking bleak'

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“The first half looks bleak,” noted one air freight forwarder this week. “Anyone that said things would pick up in March was not working on logic, but wishful thinking.”

By most metrics, the market is looking very soft. The TAC Index reported today its overall Baltic Airfreight Index slipped nearly 8% in the past week, making it 34% lower than a year ago.

“Sources said there was a ‘dead market’ due to Chinese New Year, with the latest Covid wave in China ...