Shippers are expected to benefit from long-term capacity agreements or remain “at the mercy of the market,” according to a Xeneta report.
Dive Brief:
Shippers and forwarders need to be prepared for peak season to avoid being “at the mercy of the market,” according to a July 5 report from Xeneta.
After six months of consecutive double-digit growth in air freight demand, market players are now strategizing how to navigate the expected challenges of Q4 2024 — including higher spot rates.
“I’ve heard already that certain airlines and forwarders are thinking of implementing a peak season surcharge by the end of August. There’s a consensus it will be a hot Q4 for air cargo in many Asian markets,” Xeneta Chief Airfreight Officer Niall van de Wouw said in the report.