Exactly. The worst transatlantic flight I ever had was one where I paid for “extra legroom”. turns out it was a seat without a seat in front, i.e., the hallway got broader there.
However, other passengers and even the flight attendants certainly didn’t act like this extra legroom belonged to me. Someone even stepped on my foot! On top of that I had to use an extremely flimsy table that folded out of the armrest.
Since most of us aren’t weekly business flyers, this is a far cry from a free market.
It’s more the latter. At the local level, salespeople are supposed to have a very good handle of their clients’ future demand. A lot of the trade is also seasonal, and rises and falls in a correlated way (e.g. fruit exports will have good/bad years depending on climate)
When it comes to overall economic trends, I don’t really know. That stuff was handled way above my paygrade by global HQ. But it definitely can happen that a certain route requests many empty boxes to be shipped to them, only to have them sitting there because projected demand did not materialize. These kind of imbalances can be corrected by letting them drain away over time; demand doesn’t shift so much that net importer/exporter status of a region flips. This “passive” management ends up being cheaper most of the time.