After a very slow and somewhat dismal start to 2011 it looks like Airfreight Export and Import cargo is finally picking up with growth since January around 4% and the annual forecast should be between 5-10% up on the second half of 2010.
However rising fuel prices have squeezed margins for most carriers with increases in Fuel meaning that to secure business the carriers have had to cut basic Airfreight Rate per KG to hold onto and increase market share.
It remains to be seen if traditional Summer and Christmas “peak seasons” will drive volume up, it seems likely that the costs incurred for exporting or importing by air could well result in volumes remaining low until first quarter 2012 when the London olympics should begin to increase overall Import Volume, especially into London Heathrow.
For more information, or air freight rates, services and general guidance please contact one of our expert team at Mercator Cargo Systems on 02392 75 65 75
