Businesses that are transporting goods by Air Freight are facing several major challenges due to low levels of available cargo capacity and increasing air freight rates. International demand for air cargo during a time of reduced aircraft and air cargo capacity has seen global air freight rates increase average global air cargo rates by 112%. Since August 2021, volumes were up by 1% compared to +19% in August 2020, however cargo capacity has seen a fall of -16% in contrast to August 2019. 

Formag Forwarding has been on the market for the last 28 years. During this time the company has grown steadily. And the team grows too. But an atmosphere in the company remains the same.

Karina came to Formag Forwarding in September 2020. She was working in a small forwarding company for 2,5 years before. Today she can grasp the distinction between working in a big company and a small firm.

The worldwide COVID-19 epidemic has caused an imbalance of cargo traffic and container equipment. China overcame the first wave of epidemic sooner than the rest of the world. The quantity of empty equipment and containers with Chinese export, which were leaving the country for six months, was much more than the quantity of the containers with the imported goods. That caused a lack of empty equipment in China and a fourfold increase in freight rates from Southwest Asia.