Air rates see single-digit rise; container rates down 20%, IATA says
Air cargo is losing market share to container shipping as high air rates and falling ocean freight rates widen the price gap between the two transport modes, said International Air Transportation Association.
Container shipping has been the major beneficiary of recent world trade growth while air freight volumes remained flat, the air industry association said.
“The world trade surge boosted containerized shipping and road transport, not air. However the capital and consumer goods being shipped should lead to a further rise in air freight,” Geneva-based IATA said in its second-quarter survey of the air cargo market. Read more here.
