Airfreight forwarding a better bet than ocean for investment this year
Forwarders more focused on airfreight will fare better this year than those with a higher ...
Airlines are cancelling cargo flights from Shanghai Pudong (PVG) following the city’s Covid lockdown, with diverted cargo likely to push up airfreight rates at alternative gateways.
Yesterday, Cargolux announced it would suspend PVG flights until at least 2 April and, according to Crane Worldwide Logistics, other airlines are watching and will likely “adjust their schedule at the last minute, without prior notice”.
“Many freighters are also expected to be cancelled from/to PVG due to lack of handling manpower caused by the urgent ...
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