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has demonstrated fixed-wing cargo-carrying capability in a point-to-point flight between two airbases using a specially modified Cessna 208B Grand Caravan. In air freight alone, just under 16 million metric tons of cargo was flown worldwide in 2023. For many airlines, cargo represents up to one-third of revenue.
Read full article from Reuters. Rising freight rates are a new source of concern in the global supply chain with forecasts warning that ocean cargo prices could reach $20,000 — potentially even touch the Covid era peak of $30,000 — and stay there into 2025 according to a new report from CNBC.
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