The air cargo industry has seen a significant surge in demand recently, marking a robust recovery and growth trajectory for global trade. According to the latest data from the International Air Transport Association (IATA), air cargo volumes increased by an impressive 8% in July 2024 compared to July 2023, driven by the resurgence of manufacturing and a steady rise in e-commerce activity.
Current Key Trends in Air Cargo:
High Demand for Capacity
The demand for air freight capacity has outpaced supply, leading to a more competitive market. This is especially noticeable in key sectors like electronics, pharmaceuticals, and automotive parts, where businesses are relying on fast, reliable air transport to meet production schedules and consumer demand.
Increased Rates
With higher demand comes increased rates. Air freight rates have seen an average rise of 6% over the past month, according to industry reports. While this reflects the growing demand, it also underscores the importance of securing your space early to avoid premium costs and potential delays. Get in touch with Seaspace now here to speak to us about your air freight shipments.
Regional Growth
The Asia-Pacific and European markets have shown the most significant growth, with outbound air cargo volumes from China and Germany up by 12% and 9% respectively. These regions are crucial hubs for global supply chains, and the increased activity indicates a strong rebound in manufacturing and international trade.
Why book early with Seaspace?
With demand at an all-time high, it’s crucial to plan ahead to ensure your goods are shipped on time and at competitive rates. At Seaspace, we offer:
– Guaranteed Capacity: Thanks to our strong partnerships with major airlines, we can secure space for your cargo even during peak times.
– Competitive Rates: Our global network allows us to provide the best possible rates, saving you from the price hikes that often accompany high demand.
– Expert Support: Our experienced team is here to guide you through the booking process, from documentation to delivery, ensuring a smooth and hassle-free experience.
Don’t get left grounded – book now.
With air cargo demand expected to remain strong throughout the rest of the year, now is the time to book your shipments. Contact Seaspace today to secure your air freight capacity and keep your supply chain moving without disruption.
01293 554620
info@seaspace-int.com