Airfreight comeback not as quick downunder

Northern vs. Southern Hemisphere airfreight comeback

The Northern Hemisphere has witnessed a massive surge in airfreight capacity, resulting in an oversupply of space. This abundance has led to constant rate reductions in the region. In contrast, the Southern Hemisphere has yet to experience a similar trend, and rates remain relatively stable.

Airfreight's gradual recovery compared to sea freight

While sea freight rates have returned to pre-pandemic levels, airfreight rates have been slower to recover. Although rates have been gradually declining, the rebound has not been rapid.

Potential for airfreight rate reductions

The gradual return of higher passenger numbers and the reemergence of airlines' wide fleets have led to increased airfreight capacity. In a typical market scenario, this would result in reduced airfreight rates, with hopes of returning to a more economical level.

What's influencing the airfreight market?

Several factors play a role in shaping the airfreight market's dynamics. In the New Zealand market, Air New Zealand's steady return of higher service schedules has increased airfreight capacity. Moreover, airlines like Singapore Airlines, Emirates, China Southern, United Airlines, and Qantas are adding more services, intensifying competition and expanding cargo capacity, which fosters a competitive market where carriers vie for cargo.

Gateway Cargo's advice

Amidst the evolving airfreight landscape, the team at Gateway Cargo is here to provide valuable insights and tailored solutions. Our team of experts can quickly evaluate your needs, whether you prioritise delivery speed or cost efficiency, to offer the best-suited options.

Trust Gateway Cargo for expert guidance in navigating the evolving airfreight landscape, as we tailor our services to meet your specific needs and ensure seamless cargo transportation.

‍