Widespread blanked sailings stave off major collapse of transpacific rates
Spot rates across all the major east-west deepsea trades continued their downward descent this week, ...
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By Alex Lennane
Peak season has hit the transpacific air freight sector, with forwarders reporting increased rates and tight capacity.
“The US market is booming, air freight rates have increased and space is tight,” said one Asian forwarder.
He said one of the reasons behind the rise in volumes was the threat of a new round of tariffs on Chinese goods, compelling exporters to send goods to the US in advance.
The public comment period for the new round of tariffs ended last week and the US ...
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