Management said on the company's third-quarter earnings call that early bidding opportunities could require average double-digit rate increases, although it cautioned it was too early to forecast pricing for the entire year.
Notwithstanding the rate correction, sources believe unchanged or only slightly lower westbound allocations on the lane have kept carrier spot asks from crashing more steeply.
While the rate of expansion has begun to flatten out, data center investment by big tech is expected to increase over 40% year over year to $1 trillion in 2027, noted the air cargo analyst.
