Reported 7 months ago
Air cargo volumes have surged, driven by e-commerce orders from China, reshifting orders to avoid rising costs and delays in ocean shipping. This unexpected market growth raises questions about the upcoming peak shipping season and whether it is stealing from future demand. Despite projections for 2024 being 3.5% to 4.5% growth, actual growth has been in double digits for six consecutive months. The air cargo industry is experiencing a strong recovery, with global economic indicators favoring air cargo over ocean freight due to port congestion and delays.
Source: YAHOO