DHL Air Freight State of the Industry – January 2024

Find out the latest developments of the global air freight market in this monthly analysis by DHL Global Forwarding.

Volumes remain stable; PMI manufacturing index indicates a slight improvement compared to previous month.
Demand YoY continues to increase mainly driven by e-commerce. Red-Sea-crisis-related demand has yet to materialize.
Sufficient capacity overall, yet certain regions face constraints due to increased seasonal demand.
Rates stabilized on most trade lanes. Expected rise in spot rates due to the Red Sea Crisis and Lunar New Year.
Jet fuel prices are forecasted to average US$82 billion in 2024.

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