Air freight market update | July 2021
Strong consumer demand has lifted global air freight volumes back to pre-COVID levels. The recovering economy and the rise of e-commerce are remarkable growth factors. In addition, over-priced and unsustainable ocean freight forces customers to shift urgently needed shipments from sea to air freight.
In relation to container shipping, the price for air cargo has dropped significantly, being only 6 times more expensive in May 2021 compared to 12 times prior to the crisis, making air cargo more competitive. In addition, the overall situation in the ocean freight market causes raising demand in air freight.
The air freight capacity will remain restricted due to missing belly space and it is expected to take years to recover the passenger flight capabilities. This global imbalance of demand and supply is expected to continue and rates will be on the upper level for the next upcoming months.
Already well established for an extended period of time, DACHSER has created additional capacity by offering weekly premium freighter capacities
- one-way from Asia (Hong Kong & Shanghai) to Europe as well as
- rotation between Europe and the US.
The latest new DACHSER Air Network connection has been established in June and July with eight flights from Hong Kong to Mexico via Canada. Find out more information about this service.
Please click the button below to read the latest Indexes on Supply & Demand and Oil Development.
In case you need any additional information related to DACHSER’s air freight services and the current market development, please do not hesitate to contact your local DACHSER Air & Sea Logistics sales contact.