Air

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NRF says pandemic-driven shipping surge has come to an end, as inflation slowly subsides from 40-year high.

Freight demand and spot rates sink on the year, but overall air rates still float high above pre-pandemic levels.

Sea, air, and trucking models all predict dropping volumes, say lower shipping costs could make some goods more affordable.
 

“Razor thin” profit margin would mark first net gain since 2019, as covid shutdowns rocked the industry.

Freight rates are still far above pre-pandemic levels, but gradual correction continues, Xeneta says.

Purchase brings UPS’ fleet of that model to 108 planes, as Boeing forecasts that global freighter fleet will grow from 2,250 in 2022 to 3,610 airplanes in 2041.

Amid uncertainty surrounding land and sea transport, air freight gets a lift in volumes and revenue, but issues remain.

Industry hit by economic and political uncertainties on world trade, Clive says.