Air cargo faces a stint in ‘overcapacity corner’ next year alongside the ocean shipping sector, according to data analyst Xeneta.

The data firm, which is parent to CLIVE Data Services, said that weaker volumes and higher capacity would result in overcapacity in air cargo next year.

Ocean shipping is also expected to suffer from overcapacity, which could see box rates continue to fall and result in volumes shifting from air to sea.

Xeneta said air cargo faces a “bumpy ride”, as lower ocean costs and better-scheduled reliability – from easing port congestion and available capacity – may tempt some shippers to make a modal shift.

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