Shippers and forwarders are planning ahead for the peak season as volumes continue to grow at double-digit rates, according to data from Xeneta.
Air cargo demand has grown at double-digit rates for the fourth consecutive month and 2024 is shaping up to be a solid year, according to the International Air Transport Association (IATA).
The surprisingly strong start to 2024 continued in February with the second consecutive month of double-digit growth, according to Xeneta’s weekly market analysis.
Air cargo got off to a strong start with demand growing more than 18% year-on-year in January, according to data from the International Air Transport Association (IATA).
Global air cargo volumes rose by a surprising 10% year-on-year in January due to concerns in the Red Sea and an early Lunar New Year, according to Xeneta.
Air cargo grew for the fourth consecutive month in November due to improving demand, reports the International Air Transport Association (IATA).
Air cargo demand ended 2023 on a high and 2024 may herald the start of a new economic growth cycle for the industry, according to weekly market data from Xeneta.
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.