The transportation and logistics sector went on a bumpy ride in the last couple of years because of the rising rates, overstretched capacity, equipment and labour shortage, rising fuel prices and several other factors. This year can offer some respite when it comes to the freight rates because of the falling demand for goods. Nevertheless,…
Although the winter peak shipping season has arrived, the air freight industry is facing a reduced demand because of several factors without any possibility of a quick turnaround. International demand for air freight measured in cargo tonne-kilometres fell by 10.6% compared to last year. In today’s post, we have provided you with a brief report…