Africa airport Alaska Amazon America Aviation Canada China Dollar Drone E-Commerce Economy education Electronics Finance Florida Investment Japan Logistics London Pacific Pandemic Spain stock market Supply Chain
The air cargo industry underwent a serious stress test in 2023 as collapsing market demand and rates dragged down revenues, forcing many all-cargo carriers to scale back operations, postpone aircraft investments and tighten budgets, before a late resurgence in volumes lifted offered hope for a better 2024. The course correction from 2021, when airfreight business skyrocketed to record highs as businesses looked for ways to overcome broken supply chains during the pandemic, began in early 2022 and didn't stabilize until the fall. Airfreight wasn't a priority for retailers because they had built up too much inventory on the misguided notion…
News Timeline:
Track the development of this news story across the Internet.