PRESS ROOM

With a strong presence in the airfreight market, the U-Freight Group notes that according to the latest weekly market analysis from CLIVE Data Services, part of Xeneta, global air cargo volumes fell -4% year-on-year in February as available cargo capacity rose above the pre-pandemic level for the first time in four years.

Global air cargo capacity increased for the eleventh consecutive month in February, up 11% on the same period last year. The global average air freight spot rate of USD 2.73 per kg declined -35% year-on-year but remained +52% ahead of the pre-Covid level seen in 2019.

Niall van de Wouw, Chief Airfreight Officer at Xeneta, said the latest data means it’s time for the industry to let go of pre-Covid comparisons and to acknowledge a new baseline for air cargo market growth.

The full article can be read here: https://airfreight.news/articles/full/time-for-a-new-baseline-as-air-cargo-capacity-rose-above-pre-pandemic-level-in-february-for-first-time-in-4-years

You can find more information about the U-Freight Group’s international airfreight logistics services by visiting the relevant pages on this website or speaking to your usual contact in our company.