Kuehne+Nagel Q4 earnings this week saw soaring airfreight rates support revenues for some freight forwarders in 2020 while other transport modes struggled, but volatility in rates, particularly in the spot market ex-Asia, could threaten gross profits in the months ahead.

In this episode of On Air with Air Cargo World, Charles Kauffman and Caryn Livingston discuss how new strategies developed by airlines and freight forwarders in 2020 are affecting the airfreight market so far in 2021. With insights from the latest Baltic Air Freight Index report, their discussion covers capacity and rate volatility in the weeks ahead and following the Lunar New Year holiday, as well as the outlook for when relief may finally arrive for the capacity crunch.

Airfreight rate volatility likely to linger