News / Air freight market 'going nuts', with volumes and rates climbing

© Khunaspix Dreamstime.

The air freight market is “going nuts”, with “monstrous rates”, with lanes into the US particularly affected.

Volumes out of China have been increasing “week by week”, said one Shanghai forwarder.

“The US market is the worst in terms of the rate level, while Hong Kong to the US could soon be more than HK$100 (US$12.88) per kg.”

As ever, higher yields to the US are attracting carriers to the routes. As one forwarder explained: “When the US gets busy, the rest of ...