Air Cargo Market Shows Signs of Softening, Offering Potential Relief for Shippers
Global air cargo demand saw its smallest contraction in a year, declining just 2.1% in January. This softening demand is contrasted by a significant 14.6% year-on-year increase in available freight capacity. The capacity surge is primarily driven by the continued return of belly space on international passenger flights. This growing imbalance between supply and moderating demand suggests a market rebalancing is underway. As a result, shippers may soon experience relief in the form of more stable or lower air freight rates.
Official Source: https://aircargoweek.com/relief-may-be-on-the-way-for-shippers/
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