Airfreight volumes, pricing strengthen into 2021

The air cargo market ended 2020 on a high note, picking up steam again in December and setting the stage for a potential full recovery to pre-pandemic levels in the first quarter of 2021 with little sign there will be a normal seasonal falloff, according to the latest industry data.

Global airfreight volumes rose 2.5% in December on a sequential basis, with the gap in year-over-over demand narrowing to minus 5% compared to the 37% contraction at the height of the global economic shutdown in April, CLIVE Data Services reported Wednesday.

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