Slow volume growth combined with a rapid increase in capacity has led to a “terrible” year for China’s air cargo industry.
According to Scola Chen, team leader at Shenzhen-based agent Airsupply International Logistics Group, forwarders with block space agreements (BSAs) have “been through a difficult time.”
He explained: “Some companies have announced the cancellation of their annual meeting, annual travel is ruined and the annual bonus is also left hanging.
“This year some …
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Source: The Loadstar