Air freight rates begin to drop with May capacity increase
Clive reports May rates 16% higher YoY, 10% decrease MoM
Air cargo market volumes in May dropped 8% year over year as rates declined 10% from April. The air freight market continues to feel pressure from such macroeconomic events as the war in Ukraine, higher cost of living and interest rates, stock market dips and COVID-19-related restrictions in China, according to today’s monthly update […]
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