Since late last year, air logistics executives have engaged in wishful thinking that the protracted downturn in shipping demand would start to recover after the first quarter and build through the year once retailers cleared out excess inventories. That rosy scenario is fading.
Worsening indicators suggest the international freight recession hasn’t hit bottom and that the best outcome air cargo providers can hope for until October — typically the peak season for goods movement — is halting the...
https://www.freightwaves.com/news/optimism-fades-for-airfreight-recovery-on-slow-healing-inventories