Airfreight shippers told to delay contracts as US CBP clarifies China rules
Shippers should hold off negotiating airfreight contracts until there is more global clarity – although ...
© Daniil Peshkov
By Alex Lennane
Transpacific air freight rates are surging again, with prices up more than 8% in the past week.
China to the US saw rates rise 8.6% to $5.16, while Hong Kong to the US jumped 9% to $5.35, according to the latest TAC Index figures.
Forwarders have reported, however, that the rates tend to be even higher than the index records.
Freight Investor Services (FIS) said rising rates were encouraging carriers to continue to trade in the spot market, rather than opt for longer-term ...
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