Air cargo in new balancing act as rates ease and fuel costs climb

Air cargo carriers are facing an increasingly challenging market, with spot rates beginning to cool, but amid surging fuel prices, geopolitical disruption, and selective capacity deployment.  The latest Baltic Air Freight Index fell 3.1% in the week to 20 July, led by weaker outbound pricing from Asia and Europe. Hong Kong outbound recorded the steepest decline, down 6.3% week on week, while Frank Read full article →