Air freight volumes increased by 15%; e-commerce plays major role: DHL
The air freight volumes for November 2021 remains strong with 15 per cent YoY growth and e-commerce is said to play an important role.
As per DHL's Air Freight State of the Industry report, the demand for e-commerce remained very strong; AMNO (North America) import volumes are primarily driven by auto, technology, fashion, and e-commerce movements.
The air freight market will recover and remain strong with new tech product to launch by the quarter end, says the report.
Rates Remain Elevated
As per the report, the rates increased by 126 per cent in 2021 vs 2019. Rates are expected to remain at high levels compared to previous years for guaranteed access to capacity.
Rates remained 134 per cent higher in December 2021 than 2019 baseline and 33 per cent higher more than higher 2020 baseline and the demand-supply imbalance expected to continue.
The overall capacity recovers slow and is still affected and down by 15 per cent in January 2022 vs January 2019. Belly capacity has improved slightly but still 25 per cent below pre-COVID levels. Resilient cargo volumes against reduced capacity led to high load factors in all regions.