What Happened
FedEx And DHL Target High-Value Shipments Amid Market Shift
Express companies like FedEx and DHL Express are increasing their focus on the air cargo market, driven by capacity constraints and changing market conditions. FedEx reported a 15% year-on-year increase in international airfreight daily freight pounds, while DHL Express launched a new Heavy Weight Express service. The companies are targeting high-value shipments, such as pharmaceuticals and aerospace components, and citing the speed, certainty, and uncomplicated pricing model of express services as key advantages. This development was reported by Air Cargo News.