High load factors, air freight rates and uncertainty is a “toxic combination” for shippers as the air cargo market continues to grow.
According to the latest data, volumes are flowing back into air freight and prices are rising while the industry waits to see what is in store for the ‘peak’ period.September saw a record dynamic load factor, of 70%, up two percentage points (pp) from August and 8pp higher than a year earlier.
Global air cargo capacity was 25% lower in September than in the same month in 2019.That capacity constraint continues to trigger pricing increases, according to TAC Index.
Read more in an article from The Loadstar
Source: CIFFA (06-10-2020)< Return