Ongoing efforts to invest in and expand neutral consolidation products to meet current market demands have remained a key focus at Aero Africa Sub-Saharan Africa.
According to Jarryd Niescior, general manager of operations, this has included signing additional blocked space agreements (BSA) and increasing capacity with premium carriers.
“Utilising technological advancements to our advantage, along with the evolution of artificial intelligence in airfreight, grants us direct access to real-time market rates worldwide and f light capacity.
"This capability is instrumental in bolstering our consolidation planning, which is crucial in the current market landscape," he told Freight News.
Niescior said consolidators can leverage the volatile nature of global airfreight market rates using BSA contracts.
This strategy enables them to provide forwarders with competitive and stable airfreight rates, effectively presenting an opportunity to capitalise on market fluctuations.
He said with the daily increase in air cargo demands, there had been a consistent rise in airfreight volumes, which was a positive sign for the sector.
"The volatile nature of global airfreight market rates at present provides us with a strategic advantage, as we can commit to rates for extended durations through our established BSA contracts with carriers."
- Read the full article in our Freight Features edition on "Consolidators".
