Knock-on impact of diversions away from Red Sea hits reefer trade from Europe to Middle East hard
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Strong e-commerce demand.
Narrowing differences between air and ocean freight rates.
Political unrest and threats of union strikes putting upward pressure on air cargo rates during the year-end peak season.
These are just some of the factors behind the dramatic changes and atypical market behavior we’ve seen in the air sector so far this year.
Download Xeneta's exclusive 2024 Mid-Year Air Freight Outlook to see just how far the market has shifted since Xeneta published its 2024 Outlook in October, 2023.
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