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The Global Freight Outlook: April 2023 Overview

Ocean freight costs are falling below pre-pandemic levels, air rates continue to slide and volumes have fallen too.  Carriers are hoping that inventories will run down in time for a peak season rebound, but despite this optimism some signs are pointing the other direction.

In this concise, data-driven video update, Judah Levine, Freightos’ Head of Research, shares insights on what’s driving these trends and provides the latest data on freight rates, capacity changes, and demand levels and projections as we enter Q2.

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