Classic seasonality should return next year barring any black swan events, according to the Xeneta Air Freight Outlook 2024.
Shippers and forwarders are committing to longer-term freight contracts as the air cargo market regains stability, according to CLIVE Data Services, part of Xeneta.
Cargo demand grew in August for the first time in 19 months, the International Air Transport Association (IATA) reports.
Volumes were down again in June and rates are falling sharply, according to data from CLIVE Data Services.