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Sea-Intel: Major ocean carriers report 600% growth in Q3 earnings over last year
The major ocean carriers reported combined Earnings before interest and taxes (EBIT) of US$17.06
Cathay expects robust cargo demand through the rest of the peak season
Cathay Pacific is anticipating cargo demand to remain robust through the rest of the peak season
Credit: PEXELS/FARIZ PRIANDANA
Elevated air freight pricing out of the Asia Pacific region has drawn air freight capacity to the area.
Air freight peak expected to take rates higher, and possibly higher yet
Forwarders and cargo owners have prepared for the peak season with a strong sense of foreboding.
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