Carriers react quickly to transpac demand surge, but rates remain muted
Container spot freight rates on the transpacific continued to trend upwards this week, albeit at ...
© Khunaspix Dreamstime.
By Alex Lennane
Costs for chartering a freighter to fly from China to the US have skyrocketed, with as much as a 100% rise in rates over the last few months.
While November lease rates for a round trip might rise, normally, to about $400,000 for a 747F, from $300,000 earlier in the year, one air cargo source familiar with the matter told The Loadstar this month prices have been “exceptionally strong, touching $600,000 in a few cases”.
UTi announced last week that it was ...
Comment on this article
Chuck Clowdis II
November 17, 2014 at 8:42 pmYet our Clients for whom we negotiated Contracts last year are enjhoying stable, reasonable rates despite th rise in freighter leases you mention.