Can you believe that just 12 short months ago, long-term contracts were predicted to be the next big thing?
Over the past year, the air freight market has been a rollercoaster ride like none other. Expectations were subverted, rates were up and down, and our Xeneta experts got whiplash more than we’d like to admit.
In March, we saw capacity drop by 20%, load factor fly up to 84%, and short-term rates increase by 10% in just one week. Jump to August and air rates fell by 32% — reaching their lowest levels since April 2020! Now we’re in December, and as long as no major world events happen (touch wood), the data is telling us that we’re in for a rocky Q1.
In this final State of the Air Market webinar of the year — The Big Fat Air Freight Wrap Up — your hosts Wenwen & Niall will revisit 2022’s biggest market movements and explore what could be on the horizon for 2023.
Get your wine glasses ready and your party hats on — this is going to be a fun one.
Air rates may be low right now, but we’re going out on a high!