PRESS ROOM

The U-Freight Group, which has a strong presence in the expedited international airfreight business, is encouraged by the news that a leading freight rates benchmarking service believes that recent market developments may herald the start of a new economic growth cycle for the global air cargo industry after last year ended with a +9% year-on-year rise in demand and the general air cargo spot rate reached its highest level in nine months.

Xenata, in its latest weekly market data analysis, comments that while cost of living pressures and the geopolitical environment continue to present significant hurdles to global trade, air cargo's predictability means the industry stands to benefit from escalating international disruption, albeit producing only modest gains in volumes.

It’s the start of a new cycle for airlines and forwarders, says one of its analysts, adding that shippers are likely to also appreciate the stability returning to the market so they can more accurately predict the transportation costs for the products they are selling.

To read the full article visit the following url:

https://airfreight.news/articles/full/air-cargo-enters-2024-with-cautious-optimism-after-december-demand-and-rates-boost-as-a-year-of-uncertainties-and-opportunities-lies-ahead

For more information about the U-Freight Group's global air freight forwarding and logistics services, please contact your local U-Freight office.