Air freight has lost market share to ocean, a pattern common during downturns, but rare at the start of an economic upturn, said IATA today.
It notes that cheaper, slower sea freight becomes more attractive to shippers at the bottom of the cycle, but that air cargo rebounds when businesses need to rapidly refill inventories – but this has not happened.
As sea freight sees some of its highest prices, container lines …
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Source: The Loadstar