Airfreight rates could fall amid slack capacity
Stifel: Soft demand, belly cargo capacity surge will keep rates low
Airfreight rates continued their descent in May, absorbing a double whammy of soft demand and an increase of belly cargo capacity as airlines ramp up trans-Atlantic and trans-Pacific passenger routes for the summer. Cargo rates will likely fall in the next few months, with weak capacity sticking around into 2024, according to a market update by […]
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