Freight rate control mechanism is the need of the hour: Sunil Arora, ACAAI

Sharing his perspective on high freight rates at CargoTalk’s second digital conclave, Sunil Arora, President, The Air Cargo Agents Associations of India (ACAAI), said, “The rates have not gone high because of low supply or high demand; it is when both the demand and supply have collapsed yet the freight rates have gone up three or four times. It is a very peculiar and unique situation, we need to consider that the direct impact of the high freight rate are not only on the logistics cost but also on the merchandise. Some sort of rate control mechanism has to come in. We must really be considerate towards the ex-im trade who has been supporting the airlines in good and bad times.”