A year ago, shippers were in scrums to find cargo space on airlines. The market has softened considerably and 2023 could see more declines before things get better.
Freight management companies are not making long-term shipping commitments with airlines to avoid getting stuck with unneeded bookings.
China Southern Airlines has joined the Freightos air cargo booking platform. It’s the first time an airline in China has participated in an online freight market.
The peak season for air shipping failed to materialize this year, but realistically volumes and rates are just normalizing after a crazy two-year rush.
Good news for shippers is bad news for airlines as cargo demand and rates retreat again in October.
The air cargo market is full of contradictions. Shipments and rates are falling and a recession is looming, but business is better than in 2019.
Air cargo professionals figured business would take off after the summer lull. Turbulent economic conditions and pre-buying have prevented that so far.
The airfreight sector remains chaotic, but a better-than-expected August is spurring optimism for solid results during the busy shipping season.
The air cargo market continues to lose altitude in the face of an overall economic slowdown and supply chain dislocations. Whether swiftly changing conditions enable airlines’ cargo business to swing […]
Atlas Air’s cargo business is on a steep growth path this year and ongoing fleet investments indicate management’s confidence in the future.
