News / Air cargo's summer: traditionally slack, or Red Sea-induced demand?

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The gap between air cargo spot rates and ocean rates on the transpacific is shrinking: a phenomenon which, during the pandemic, led to a greater use of airfreight.

In the first week of this month, the average air cargo spot rate on the trade was around nine times higher than shipping by sea, said Xeneta analyst Wenwen Zhang on Friday.

At the start of December, air freight was some 22 times more expensive than sea freight.

Ms Zhang said the next few months ...