The ranking of international air freight forwarders from Japan for February 2023 has been revealed, with Nippon Express in first place with 15,607 tons (-31.4% y/y), Kintetsu Express in second place with 12,039 tons (-24.8% y/y), Yusen Logistics in third place with 7,940 tons (-37.2% y/y), and (Nishitetsu), with 3,571t (-30.8%), and Hankyu Hanshin Express (Hankyu Hanshin Express), with 3,250t (-44.5%).
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See AllGlobal air cargo demand increased by 11% year on year in March for the third consecutive month, driven by factors like e-commerce and disruptions in Red Sea shipping. Xeneta's latest analysis revealed
Ocean freight rates decreased via North America East Coast (-3.9% week-over-week), North America West Coast (-2.8%), Europe (-0.7%), and Korea (-1.9%).
Air cargo rates on major east-west trades in February continued their decline compared to last year due to the timing of the Lunar New Year break. According to the Baltic Exchange Airfreight Index (BA
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