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The start of May has seen a softening of the air freight market – with customers on long-term contracts paying more than the spot rate, as belly bounces back.
For the first time post-pandemic, since the end of March, capacity over the transatlantic is higher than pre-pandemic levels.
This extra capacity has led to the lowest dynamic load factors since the first half of January on western Europe to North America.
Other tradelanes have seen higher load factors, driven by constrained capacity rather than high demand.
Read more in an article from The Loadstar.