Freight forwarders are continuing to opt for short-term airfreight deals as volumes and rates continue to decline.
The latest statistics from CLIVE Data Services show that, in November, air cargo volumes declined 8% year on year and were down 2% on October, while the dynamic load factor – based on weight and space – was down five percentage points on last year, at 61%.
It is the ninth month in a row that demand has fallen.
Average rates for the month were down 27% on a year ago, but remained 85% ahead of 2019 levels.
Read more in an article from Air Cargo News.