Red Sea Crisis Spurs Air Cargo Demand as Japanese Automakers Halt Production
Japanese automakers, including Toyota and Suzuki, are suspending production at some domestic plants due to parts shortages. These disruptions stem from Houthi attacks on shipping in the Red Sea, which have forced maritime cargo vessels onto much longer routes. The resulting delays in the ocean freight supply chain are pushing manufacturers to seek faster alternatives. Consequently, demand for both sea-air and pure air freight solutions is surging. This modal shift is causing a significant increase in air cargo rates, especially on trade lanes from Asia to Europe.
Official Source: https://theloadstar.com/japanese-carmakers-cut-back-production-as-gulf-war-disrupts-exports/