Airfreight demand expected to weaken through Q2
Weak ecommerce demand has seen cancellations of airline block space agreements and charters, particularly to the ...
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By Alex Lennane
Air freight rates into the US are rising, with rates out of Shanghai up more than 14% in the past week, according to the TAC Index, while rates from Europe to the US are also on the up.
Rates from Shanghai to North America are at $13.62 per kg, according to the index, while out of Hong Kong they have risen 4.4%, to $12.09/kg.
Despite the rises, preliminary data shows volumes have remained steady, rather than the surge expected by the market, ...
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