The airfreight sector is navigating an adjustment period as global air cargo volumes gradually normalise, Brandon Fried of the Air Forwarders Association (AfA) has said.
According to the AfA’s executive director: “What we see in the market – less demand and more capacity – is more about normalisation than anything else.
“With much of the passenger fleet grounded during the pandemic, they are now back, and with that there is more belly capacity.”
He added though that, “with ocean freight rates trending downwards, shippers who opted to airfreight during the pandemic can now be expected to return to sea.”
* Read the full article in this week’s Freight Features section.
