For forwarders, 'a hot Q4' will be all about controlling air cargo capacity
“Capacity is going to be king for the rest of 2024.” That’s the word from forwarders ...
© Youssouf Cader
By Alex Lennane
IATA has revealed its air cargo data for November, showing that – as predicted – it was a strong peak season. Anecdotally, forwarders have told The Loadstar that the peak was fuelled by Asian carriers in particular taking out capacity, the consequences of Hanjin’s bankruptcy and a general rise in volumes. IATA’s figures, however ,show growth in available freight tonne km of 4.4% globally, and 4% in Asia.
Perhaps more interesting than what happened last year, is what will happen next month. Forwarders and airlines are predicting strong rates until 27 January, in advance of the Chinese new year holiday. And then – who knows? But a lull is not unlikely.
Comment on this article