According to DHL’s most recent Airfreight State of the Industry report, demand for air freight is still low, but capacity is rising.
The report, which was released last month, cites a number of factors for the poor demand, including inflation and diminished spending power.
Despite “remaining softened” volumes, they are stable after the highest reduction witnessed in July. E-impact commerce’s on air cargo volumes is “mild but persistent.”
Additionally, the business is still being affected by the conflict between Ukraine and Russia, and demand for air freight is declining as marine freight circumstances improve.
Although overall capacity decreased by -11% in August compared to August 2019, month over month growth persisted.
“The upcoming peak season is unlikely to witness a volume surge as export orders remain low and inventories high.” DHL Global Forwarding said on LinkedIn.
“Certain trade lanes are expected to witness an aggressive spot market, and service fluctuations are likely to continue.”
