Why this matters to buyers
Buyers requiring air freight for high-value or time-sensitive fastener components may face significantly higher costs. The slowing growth rate could indicate a potential stabilization in the future.
Recommended buyer actions
- Review air freight budgets and explore alternative shipping modes where possible.
- Negotiate rates with carriers given the slowing growth trend.
- Evaluate inventory strategies to reduce reliance on expedited shipping.
Original source context
Global air freight spot rates were up 38% year over year in June, but the pace of growth is slowing, Xeneta reported.
Read the original report · Supply Chain Dive