DHL Air Freight State of the Industry – November 2023

Find out the latest developments of the global air freight market in this monthly analysis by DHL Global Forwarding.
  • Volumes remain stable, flat MoM; PMI manufacturing index indicates mixed growth across regions.
  • Slight MoM increase in demand mainly driven by e-commerce, with sufficient capacity to support the continued stable demand. Yet, YoY growth remains subdued, .
  • Rates stabilized on most trade lanes; some seasonal uptick on certain regions.
  • Jet fuel prices are forecasted to increase, average $93/b in 2024
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