News / Air cargo rates skyrocket again as forwarders scramble for capacity

The mad dash to avoid container shipping delays has seen some airfreight rates climb by ten times in a single week.

Yesterday, Hellmann Worldwide Logistics told customers: “The already tense situation in the airfreight market has worsened dramatically in recent days.

“An imbalance between supply and demand is emerging, with airlines continuing to convert passenger aircraft into temporary cargo planes, yet finding this is not enough.”

Indeed, according to the forwarder, both regular airfreight shipments and charter costs have “exploded” and, in some ...