News / Air freight rocked by volatility and uncertainty, reflected in rate rise and fall

Cargolux has given a 747-400ERF a 'retro' livery, to celebrate its 50th birthday

Air freight rates from China to Europe have continued their descent, falling 4.64% in the week ending 13 July, to $3.08 per kg.

However, rates to the US from Asia ticked up 3.42%, to $4.53, according to the TAC Index.

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Freight Investor Service noted that the rise was “a speedy market adjustment” to the news that US carriers had cancelled flights to Hong Kong, after the territory said all crew members would need to be tested for Covid-19 on arrival, and could ...