News / Air freight rates soar: 'it’s all about deep pockets and whether shippers can pay'

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The “frenetic” air freight market has become “pay to play”, as prices soar.

“This is one of the fastest peak seasons ever,” said one air freight forwarder. “The market has got very f..ked up, very quickly.

“It’s becoming a pay-to-play market, and it’s all about deep pockets and whether shippers can afford to pay.”

While Chinese factories are still only about 60% operational, according to one source, one of the biggest issues is lack of raw materials for factories in South-east Asia.

“Air freight ...