Normally, the fourth quarter is a peak season for air cargo. So, essentially flat growth in November is a big disappointment. While our outlook is for 3.7 percent demand growth in 2019, downside risks are mounting. Trade tensions are cause for great concern. We need governments to focus on enabling growth through trade, not barricading their borders through punitive tariffs.
IATA Director General and CEO Alexandre de Juniac
Spot container rates from Shanghai to Rotterdam were $1,839 per FEU as of Jan. 17, down 6 percent from a week prior but 7 percent higher year-over-year, according to Drewry’s World Container Index.