Air cargo watches and waits as trade chaos creates 'slowbalisation'
Air cargo is in a “wait-and-see moment”, as the industry tries to navigate through the ...
© Badahos
By Alex Lennane
With factories already closing in China, ahead of next week’s new year holiday, airfreight rates on major routes have continued to decline.
One source reported that factories were closing early: in part, because some staff did not get a holiday last year owing to Covid lockdowns, partly because of new Covid cases and also owing to lack of demand.
The latest rates from the TAC Index show only one major trade has seen a rise in rates in the past seven days: ...
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