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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