Patel Integrated Logistics: Committed to Reliable Air Freight Solutions

General Manager – International Division, Patel Integrated Logistics
As an air freight logistics company, we continue to send goods via aircraft, however, we are closely monitoring any developments and may seek alternative options if required.

Hector Crasto - General Manager – International Division, Patel Integrated Logistics
 

Impact of the Red Sea Crisis on Air Freight

The Red Sea crisis has significantly reduced the movement of goods by ocean, resulting in a higher demand for air freight. As a consequence, freight rates are increasing, and we anticipate further rate hikes. Additionally, the massive surge in demand is causing space constraints, leading to longer delivery times. Airlines are facing capacity challenges due to this crisis. The rising freight rates are making air freight less affordable, and the insurance premium rates are also on the rise.

As an air freight logistics company, we continue to send goods via aircraft. The security concerns arising from the Red Sea crisis do not directly impact us. However, we are closely monitoring any developments and may seek alternative options if required. Shipping companies are exploring alternative routes, such as the longer Cape of Good Hope route to minimize reliance on the Red Sea route.

LIFTING & SPECIALIZED TRANSPORT, July - August 2024

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