What Happened
Global Air Freight Market Shows Signs Of Recovery
The global air cargo market is showing signs of stabilization after a turbulent period, according to the International Air Transport Association (IATA). Despite declines in demand and capacity, underlying air cargo demand remains strong, and market analysts believe that rates have likely peaked. However, shippers should remain cautious due to ongoing challenges such as labor shortages and elevated fuel costs. This development was reported by Logistics Management.