Air Cargo Capacity Update:
Capacity on the ocean lanes is expectedly terrible, but air cargo isn't going much better as disruption at the US ocean ports drives more cargo to the air to meet urgent deadlines and keep manufacturing going. As June and July are typically the slowest months of the year for air freight, any canceled flights that aren't moving for lack of cargo are taking much-needed capacity out of the market to sustain rates much the same way ocean carriers pulled together at the start of the pandemic to blank sailings and maintain rates and basically broke everything about ocean logistics and we're still trying to fix it. Coppersmith has a plan to help if you need air space!