THE air cargo market has again resumed its normal seasonal patterns as the peak season arrives, according to ch Robinson, reports London's Air Cargo News.
CH Robinson vice president Matt Castle said air freight had benefited from the growing nearshoring trend in manufacturing.
The latest figures from Xeneta, he said, show that air cargo demand was flat a year ago in September after months of declines.
Mr Castle said the demand stabilisation was in part down to companies having worked through excess inventories while the return of seasonal fluctuations was also having an impact.
Another trend that has been affecting the North American market as well as elsewhere has been the development of nearshoring, or reshoring, as companies look to diversify their manufacturing activity.
Mr Castle said that air freight has benefitted from this trend in recent years as companies sought to fly in components to their new manufacturing sites.
Mr Castle said that this development started with the US-China tariff war in 2019 as companies realised they had a lot of eggs in one basket .
'Mexico was a huge trade partner to begin with and I think they have been a beneficiary as have a number of other countries,' he said.
SeaNews Turkey
CH Robinson vice president Matt Castle said air freight had benefited from the growing nearshoring trend in manufacturing.
The latest figures from Xeneta, he said, show that air cargo demand was flat a year ago in September after months of declines.
Mr Castle said the demand stabilisation was in part down to companies having worked through excess inventories while the return of seasonal fluctuations was also having an impact.
Another trend that has been affecting the North American market as well as elsewhere has been the development of nearshoring, or reshoring, as companies look to diversify their manufacturing activity.
Mr Castle said that air freight has benefitted from this trend in recent years as companies sought to fly in components to their new manufacturing sites.
Mr Castle said that this development started with the US-China tariff war in 2019 as companies realised they had a lot of eggs in one basket .
'Mexico was a huge trade partner to begin with and I think they have been a beneficiary as have a number of other countries,' he said.
SeaNews Turkey
