Logistics News with TELS GLOBAL
Losses of air carriers, as well as the volume of cargo transportation will be cut
According to the calculations of the International Air Transport Association (IATA), revenue from passenger traffic, according to the Association’s forecasts, will reach $438 billion in 2022, and will exceed $520 billion in 2023.
Terms of new long-term maritime contracts are reduced to less than six months on average
The average duration of new contracts has been declining since mid-2022. At its peak, in the second quarter, the average duration of new contracts was 12 months; in the fourth quarter, this figure dropped to 5.5 months.
The world’s biggest shipping lines acquire their own air fleet
Since 2021, a number of the biggest logistics companies specializing in sea and land transportation have begun to actively enter the cargo aircraft segment.