The global economy is on a positive trajectory, with GDP growth surpassing expectations and the manufacturing PMI hitting its highest level in nearly two years. The OECD’s Composite Leading Indicator suggests continued moderate growth, reinforcing optimism for the months ahead.
In the air freight sector, despite a 12% dip in global tonnages at the end of April, demand and rates from the Middle East and South Asia to Europe remain robust. However, European tonnages experienced an 11% decline week over week, highlighting regional variances.
Ocean freight is undergoing…
