Air cargo sector expects big peak season to end year

Date Added: 29 August 2024

Air cargo sector expects big peak season to end year

A report on the Freightwaves website states that logistics professionals and analysts expect the air cargo market’s remarkably strong first half to build momentum during the final months of the year, when international shipping normally peaks to meet holiday shopping demand, leading to pressure on capacity and higher rates.

That makes interesting reading for Davies Turner, with our strong presence in the expedited international airfreight business, through our subsidiary Davies Turner Air Cargo.

The report notes that E-commerce volumes out of Asia continue to be a driving force behind growth, but other factors are also positively influencing air shipping.

Although many business in the USA and Europe pre-ordered inventory to avoid being impacted by supply chain constraints, such as vessel re-routing around the Red Sea conflict zone, industry consensus is that underlying demand will translate into more transport activity.

The report cautions that a scenario in which autumn orders were simply moved forward by several months, effectively front-loading at the expense of upcoming volumes, can’t be ruled out. And mixed macroeconomic signals still have economists questioning the endurance of consumer spending.

The full report can be read here: https://www.freightwaves.com/news/air-cargo-industry-anticipates-big-peak-season-to-finish-year?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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