AUSTRALIA: Airfreight rising faster than seafreight: Toll
Reiterating sentiment expressed recently by a number of players in the airfreight industry, Toll Group chief executive Paul Little has said that airfreight was leading seafreight as the global economic recovery gathers steam. Little also predicted a rebound beginning in the fourth quarter this year. Ã¢â‚¬Å“Interestingly weÃ¢â‚¬™ve probably seen more interest in airfreight than seafreight,Ã¢â‚¬Â […]
November 1, 2009
Ã¢â‚¬Å“Interestingly weÃ¢â‚¬™ve probably seen more interest in airfreight than seafreight,Ã¢â‚¬Â Little said speaking on ABCÃ¢â‚¬™s Inside Business program.
Ã¢â‚¬Å“Airfreight, of course, is a direct result of people trying to thin down their inventory levels and needing to get goods to their destination more quickly, but seafreight numbers are starting to come back too,Ã¢â‚¬Â he said.
Little also indicated that on the back of a number of Asian acquisitions, the Australian company was preparing several relatively modest global forwarding acquisitions aimed at building a substantial position in the European and US markets.