Air cargo market: From ‘doom mongering’ to stability

Date Added: 19 December 2023

Air cargo market: From ‘doom mongering’ to stability

Davies Turner Air Cargo offers a number of expedited international airfreight services, and notes an interesting article on the Freightwaves website that indicates that whilst demand in the airfreight sector is still fragile, recovery is expected to strengthen in 2024.

Eric Kulisch writes that the air cargo market is experiencing an unexpected bounce during the traditional peak shipping season culminating the year, fuelled by e-commerce exports from China, but revenues for air logistics companies could be lower even if strengthening demand carries over into 2024, according to industry experts.

Still, the vibe in industry circles is that the worst of the freight recession is in the rear view mirror, with next year bringing welcome stability even if it takes until late summer for a full-throated recovery to take hold.

Kulisch reports that some market watchers believe that there’s overall shipper confidence that the market will be more predictable and more consistent. There’s more trust going into next year and as a result they think we’ll see more semi-annual or annual contracts. That’s a really good signal that the market is starting to stabilise and shippers have confidence that supply and demand are going to be more balanced.

To read the full article visit the following website; https://www.freightwaves.com/news/air-cargo-market-from-doom-mongering-to-stability?oly_enc_id=2359H2956723J0G

For more information about our global air freight forwarding and logistics services, please contact aircargo@daviesturner.co.uk or visit https://www.daviesturner.com/air-freight

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