Air cargo market ‘going crazy’ as carriers prepare for a tight peak season

Forwarders are securing air cargo capacity for the fourth quarter, anticipating a tight peak season as rates start to rise again.

“This week could be the calm before the storm,” said David Wystrach, senior director of air freight EMEA for Flexport.

“The past weeks can be considered as typical for the summer months. We saw lower volumes, aircrafts in maintenance, and uncertainty about the weeks to come.

“Now, in mid-September, with Golden Week approaching in Asia, we may be at the doorstep of a quarter-four rush.”

Another European forwarder said there was “definitely a massive upswing in air freight demand, with retailers and businesses moving air freight – and that’s without the hi-tech launches filtering through.

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Source: The Load Star