Air freight surpasses the congested ocean freight system, according to Drewry.
by Web Administrator
Oct 02, 2024 15:30
Drewry Airfreight Insight, a new service from Drewry's Supply Chain Advisory, highlights the increasing reliance on air freight due to ongoing issues in ocean transport, such as congestion and rising costs. The service notes a significant rise in air freight volumes, particularly from Asia, with capacity managing to support this growth despite higher rates. The cost ratio between air freight and ocean freight has notably decreased, prompting procurement teams to seek timely market insights for optimal transport mode decisions. The service will provide data on key market drivers and spot rate benchmarks for major air routes.