September 14, 2020 – Canaan Transport is increasingly taking ‘pre-emptive action’ to guarantee space for our customers during the looming peak season and beyond, with already-diminished capacity expected to tighten further in the coming months. Recent estimates by IATA that the global delivery of billions of doses of a COVID-19 vaccine will require thousands of flights to support its worldwide distribution have brought into sharp relief the risk of a worsening of the current serious capacity shortage in the air cargo sector over the coming months. With this reduced capacity pending, air freight rates will likely skyrocket as well. Customer who are looking at shipping air cargo in the coming months are advised to contact us as soon as possible to discuss your options.