Some optimism for airfreight after December demand and rates boost

Date Added: 4 January 2024

Some optimism for airfreight after December demand and rates boost

With a portfolio of expedited international airfreight services, Davies Turner Air Cargo is encouraged by the news that a leading freight rates benchmarking service believes that recent market developments may herald the start of a new economic growth cycle for the global air cargo industry after last year ended with a +9% year-on-year rise in demand and the general air cargo spot rate reached its highest level in nine months.

In its latest weekly market data analysis, Xeneta said that while the geopolitical environment and cost of living pressures continue to present significant hurdles to global trade, the predictability of air cargo means the industry stands to benefit from escalating international disruption, albeit producing only modest gains in volumes.

One of its analysts is quoted as saying that he certainly thinks it’s the start of a new cycle for airlines and forwarders – and shippers are likely to also appreciate the stability returning to the market so they can more accurately predict the transportation costs for the products they are selling.

The full article, which is well worth a read, can be read here:

https://airfreight.news/articles/full/air-cargo-enters-2024-with-cautious-optimism-after-december-demand-and-rates-boost-as-a-year-of-uncertainties-and-opportunities-lies-ahead

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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