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Uncertainties and opportunities in 2024


Photo: Xeneta

In its latest weekly market data analysis, ocean and air freight rate benchmarking and market analytics platform Xeneta says that 2024 may herald the start of a new economic growth cycle for the global air cargo industry after last year ended with a +9% year-on-year rise in demand and the general air cargo spot rate reached its highest level in nine months.

 

Niall van de Wouw, Xeneta’s chief airfreight officer: "To say 2024 is a ‘new dawn’ is perhaps a little too optimistic, but I certainly think it’s the start of a new cycle for airlines and forwarders – and shippers are likely to also appreciate the stability returning to the market so they can more accurately predict the transportation costs for the products they are selling." (ah)

www.xeneta.com