RW Freight reports that air freight rates have reached their peak for the year in November 2024, despite a reduction in tonnage volumes. This trend was especially pronounced for European carriers operating routes to and from China.
Looking ahead, industry analysts forecast that global air cargo traffic is set to double by 2043, largely propelled by the rapid growth of ’emerging markets.’ As these economies continue to expand and develop, the demand for air freight services is expected to rise accordingly, presenting significant opportunities for the industry.