FOMO
Volume decline slows in June but ‘FOMO’ causes irrational air cargo pricing environment
The decline in global air cargo volumes eased again in June but the ‘fear-of-missing-out (FOMO)’ created an irrational airline and freight forwarding market as shippers indulged in a 41% year-on-year fall in the general airfreight spot rate, shows the latest weekly data from industry analysts, C...