Hosted by Niall van de Wouw, Chief Airfreight Officer at Xeneta, and Wenwen Zhang, Air Freight Analyst at Xeneta, this series takes a deep dive into the changes, trends, and global economic factors that impact the air freight market today.
Global load factor dropped to 56% How will this impact air cargo prices?
The air freight market continues to weaken with sliding spot rates, declining volumes, and increased capacity. With a slow summer season and low consumer spending, there is little hope the air market will turn around in the near future. With the global load factor down to just 56%, how can forwarders and shippers maintain reasonable freight rates? Air freight market experts Wenwen Zhang and Niall van de Wouw will dive into the latest market data to spot potential movements, disruptions, and opportunities for the second half of 2023.
Timestamps:
0:01:20 – 0:04:45 Market Sentiment and Decline of Global Air Cargo Volumes
0:04:45 – 0:07:00 Shipper Market Impact
0:06:30 – 0:8:44 Load Factor Regionally
0:08:45 – 0:10:35 Load Factor Transatlantic
0:10:52 – 0:19:00 Downward Pressure on Long-Term Rates
0:19:00 – 0:23:00 Freight Forwarder Perspective & Long-Term Contracts
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