“Shippers shouldn’t let down their guards, just yet” – a phrase that could be true of any mode right now, but in this instance it refers to air freight.
Bruce Chan, analyst for Stifel, warned shippers rates would remain inflated in air cargo, owing to “significant backlogs … in the entire freight supply chain”.
While the second quarter last year was unprecedented, as passenger flights grounded but demand for PPE was sky-high …
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Source: The Loadstar