Pandemic drives changes in block space, cargo charter agreements

Seller’s market present BSAs as a financial risk for freight forwarders, according to panelist

With the heavily reduced use of belly cargo on passenger flights due to the decline in passenger aviation, carriers and shippers have utilized converted passenger freighters and charter agreements to combat capacity issues. The uncertainty has increased freight forwarder concerns around block space agreement (BSA) negotiations due to risks around long-term rate commitments in a […]

 

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