Shippers pull back from air cargo as ocean reliability improves

Date Added: 23 August 2022

Shippers pull back from air cargo as ocean reliability improves

With a strong presence in the expedited airfreight business through our subsidiary, Davies Turner Air Cargo, we note that air cargo volumes fell 9% Year on Year in July, continuing a downward trend as global uncertainties and a shift back to ocean transport weigh on demand, according to a news release from Clive Data Services.

Airfreight rates have also dropped, helped by added transatlantic capacity. But they remain elevated versus pre-pandemic levels — January rates were up 156% versus 2019, while July rates were 121% higher than in 2019.

“There are many dark clouds hanging over the air cargo industry given the state of the world right now,” said Niall van de Wouw, chief airfreight officer at Clive parent company Xeneta, in a statement. “...From a rates point of view, indicators suggest the market has yet to bottom out.”

A full article on the press release can be seen here:

https://www.supplychaindive.com/news/air-cargo-demand-falls-shippers-ocean-transportation-clive-xeneta/629638/

In the IATA/CASS league table for 2020, Davies Turner Air Cargo became the UK’s highest placed independent freight forwarder, measured by CASS airline tonnage.

For more information about its 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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