Airlines are looking ahead to air cargo’s fourth-quarter peak season to decide how best to maximize returns from capacity out of Asia as spot rates are predicted to go sky high.
With a backdrop of more demand and less capacity, industry analyst Xeneta has warned that shippers and forwarders seeking capacity during the fourth quarter may find themselves “at the mercy of the market,” especially if they looking to move shipments out of Asia Pacific.
Peak season surcharges and major increases in spot rates are expected, said Niall van de Wouw, chief airfreight officer at Xeneta. “There’s a consensus it will be a hot Q4 for air cargo in many Asian markets.”
Read more in an article from Air Cargo News.