Airfreight rates ex-Dhaka plummet post-holiday, alongside demand
Airfreight rates have generally begun to ease off as volumes lower following the holiday period ...
Lockdowns in Europe, forcing shops to close, have led to significant air freight cancellations as retailers re-think their supply chains.
One European retail forwarder told The Loadstar he had seen thousands of cubic metres-worth of bookings cancelled in the past 72 hours as the second UK lockdown came into force today.
Many retailers have switched to sea freight, or sea-air.
“I am talking huge volumes,” said the forwarder. “It’s a bit like March, when everything stopped and, quite literally, air freight was zero ...
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