Chinese New Year blurs visibility in an uncertain airfreight market
Forwarders and carriers are watching the airfreight rate market with much interest right now – ...
By Alex Lennane
Air freight rates have fallen sharply over the past week, continuing the recent slide.
The TAC Index published its latest charts today, showing China to Europe falling $1.06 – with Shanghai to Frankfurt dropping the most, by $1.68.
China to the US fell $0.57, with Hong Kong overtaking Shanghai in pricing.
Freight Investor Services (FIS) revealed that its forward curve for June showed prices would drop $0.50 from China to Europe, and down $0.55 from China to the US, and say it will ...
Comment on this article