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CLIVE: High rates may drive cargo to ocean
Monthly average rate for November remains 85% higher than 2019
The air cargo market has continued its stabilization toward 2019 levels, but declining volumes and higher-than-normal rates may indicate a return of volumes to maritime transportation. Air cargo did not see its peak season, as indicated by nine consecutive month-over-month declines in volumes. Between October and November, demand dropped 2% and chargeable weight in November […]
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