newstodate.aero

Feb 02, 2023 (newstodate): Trailing a period marked by coronavirus and later also by Russia's war on Ukraine, 2022 was a remarkable year for the air freight industry, as also witnessed by DSV's Annual Report, out now.
   -The global air freight market saw gradually declining demand during 2022, especially for export from Asia to Europe and to North America, the report reads.  
   -Demand for air freight was also impacted by improving schedule reliability and lower rates in the sea freight market, which made sea freight a more competitive alternative.  
   -The available air freight capacity gradually increased as belly space capacity in passenger planes returned. As a result, air freight rates declined, mainly in the second half of 2022.  
   -This year, we achieved air freight volume growth of three percent. Adjusted for the acquisition of GIL, the division’s 2022 volumes were down by approximately seven percent, compared to an estimated general market decline of eight-ten percent.