US CBP sees 90% fall in revenue last month; airfreight sees ecomm slide
February may have been the month in which the US suspended its de minimis exemption ...
Pockets of the air freight market are continuing to see high rates, and volumes are growing, but retail is not yet back in the air.
Hot spots include rubber producer Malaysia, the world’s largest exporter of medical gloves, accounting for up to 75%, according to some estimates.
Volumes out of Malaysia grew 46% in week 25, according to Clive Data Services, while forwarders have reported strong demand out of the country.
“We have seen an increase in demand from Malaysia, Thailand and Vietnam,” ...
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