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Shippers are the dominant players in the market right now, as freight forwarders and airlines launch price wars for scarce cargo, Clive Data Services says.
The airfreight market is trending back toward 2019 levels, and with the changes, stakeholders should expect supply and demand shifts to dampen overall market outlook, Niall van de Wouw, chief air freight officer at Xeneta said during today’s market outlook webinar. Throughout 2022, stakeholders have seen decreased year-over-year volumes and rates, indicating changes in
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Airfreight movements in August disrupted typical summer patterns, hinting at a return to peak season. August data outperformed June and July in terms of volumes, capacity and freight spot rates, according to today’s report from CLIVE Data Services. The dynamic load factor for August — CLIVE’s measure of volume and weight of cargo flown compared
Global air cargo volumes fell 8% year over year in June as rates also dipped due to added bellyhold capacity with the return of summer flight schedules. Available capacity increased 6% YoY in June, although it is still down 11% compared with June 2019, according to today’s update from Xeneta’s CLIVE Data Services. June’s dynamic