White House moves create yet more stormy water on the transpacific
The 90-day tariff moratorium on US imports, except those from China, have failed to keep ...
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By Alex Lennane
Forwarders are anticipating ad hoc air freight rates of $10 per kg, as shippers become desperate to release goods from China with little or no belly capacity.
One Chinese forwarder said he expected a 777 or 747 aircraft to soon cost $1m, or $10 per kg, and spot rates have already increased twice in the past couple of days, by Rmb10 ($1.43) or more per kg to Europe.
“We do expect a possible third increase towards the weekend,” he added.
He said there ...
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